View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 8, 2017

M&As this week: Global Business Power, Macquarie Group

Global Business Power Corporation (GBP) has announced its intention to acquire a 50% stake in Alsons Thermal Power from Alsons Consolidated Resources for PHP4.25bn ($85.64m).

Global Business Power Corporation (GBP) has announced its intention to acquire a 50% stake in Alsons Thermal Power from Alsons Consolidated Resources for PHP4.25bn ($85.64m).

GBP intends to use internal sources and external bank debts to fund the acquisition.

The transaction is yet to be approved by the Philippine Competition Commission.

ING Bank is the financial advisor to Alsons Consolidated Resources, while Castillo Laman Tan Pantaleon & San Jose is the legal advisor.

Alsons Thermal Power is a holding company for baseload coal-fired power plant assets, while ACR is a power generation company and a provider of power plant management and maintenance services.

"Macquarie Group has announced completion of an acquisition of RES Japan."

Macquarie Group has announced completion of an acquisition of RES Japan from Renewable Energy Systems (RES Group).

RES Japan is a windpower projects developer. Following the transaction, it has been renamed as Acacia Renewables.

RES Group will continue to offer advisory and technical services to Acacia.

Macquarie expects to strengthen its renewable energy market in Japan and Asia through the acquisition.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology