ERC Approves GPSC to Merge with GLOW after the Acquisition of SPP1 by BGRIM!
ERC has approved GPSC to merge with GLOW after BGRIM acquired GLOW's SPP1.
The Energy Regulatory Commission of Thailand (ERC) has announced the resolution of its Board of Directors held on March 1, 2019, to approve the merging of Global Power Synergy Public Company Limited (GPSC) and Glow Energy Public Company Limited (GLOW).
The approval was made after ERC had considered the acquisition of Glow SPP1 Company Limited (Glow SPP1) by B.Grimm Power Public Company Limited (BGRIM) which is according to the condition given by ERC that GLOW must dispose SPP1 before the merging.