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.
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