GPSC Advances to Fully Acquire GLOW with a Tender Offer at ฿91.9906/share

Global Power Synergy Public Company Limited (GPSC) has announced that the company has completed the sale and purchase of shares of Glow Energy Public Company Limited (GLOW), amounting to 1,010,976,033 shares or equivalent to 69.11% of the total issued shares of GLOW at the price of ฿91.9906/share and resulting in GLOW becoming a subsidiary of GPSC.

In this regard, GPSC has announced a tender offer for all of the remaining 451,889,002 shares of GLOW or equivalent to 30.89% of the total issued shares of GLOW. The expected offering price is ฿91.9906/share amounting THB 41,569,540,427.38. while the official submission of the offer date is expected to be on March 22, 2019.