Skip to main content
news
REUTERS/Fred Prouser

Baker McKenzie has advised Thailand’s Electricity Generating Public Company (EGCO Group) on its $485 million sale of stakes in three geothermal power plants in Indonesia to Star Energy Group Holdings, which was counseled by Clifford Chance.

EGCO had entered the energy business in Indonesia in 2014 through investments in Start Energy Geothermal and Star Phoenix Geothermal – which own interests in three geothermal power plants in West Java named Wayang Windu, Salak and Darajat - but decided to divest to rationalise its asset portfolio, the Bangkok Post reported.

The Bakers team was led by Bangkok partner Preeda Meksrisuwan.

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Deals

Top international firms act on landmark $7.1 bln ESR take-private deal

by Nimitt Dixit |

Global law firms Freshfields, Latham & Watkins, Kirkland & Ellis, Paul, Weiss, Rifkind, Wharton & Garrison and Cleary Gottlieb Steen & Hamilton have steered an offer to take the Hong Kong-listed ESR Group private in a deal valued at $7.1 billion.

Deals

Fangda, KWM act on HKAA’s $592 mln acquisition of Zhuhai Airport stake

by Hu Yangxiaoxiao 胡阳潇潇 |

Fangda Partners has advised the Hong Kong Airport Authority (HKAA) on its agreement to purchase a 35 percent stake in Zhuhai Airport for approximately $592 million, with King & Wood Mallesons representing the seller, Zhuhai Transportation.

Deals

BKL, Yoon & Yang guide $640 mln Korean real estate deal

by Nimitt Dixit |

Top South Korean firms Bae, Kim & Lee and Yoon & Yang have advised the seller and buyer, respectively, in the acquisition of Donuimun D Tower in central Seoul by NH Nonghyup REITs Management for $640 million from Mastern Asset Management.