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Solar panels are seen on the roof of a public housing block in Singapore September 23, 2018. Picture taken September 23, 2018. REUTERS/Thomas White

Baker McKenzie has represented Portugal’s EDP Renewables (EDPR) on its S$937 million ($695 million) acquisition of a stake in Southeast Asian green energy firm Sunseap, which was advised by Rajah & Tann.

EDP Renewables (EDPR), the world's fourth-largest renewable energy producer, is 75-percent owned by Energias de Portugal, Portugal's biggest utility, reported Reuters, adding that the sellers on this deal included Thai energy firm Banpu, Singapore state investor Temasek Holdings, a Temasek-backed fund and other investors.

The deal values Sunseap at S$1.36 billion ($1 billion).

The Bakers’ team was led by Ashok Lalwani, Kenny Kwan, Caryn Ng, Lan Phuong Nguyen, Ean Mac Pherson and Murray Bowler.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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