Gulf Energy looks to acquire AIS parent with $5.4B bid

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Thai energy firm Gulf Energy Development has lodged a bid to take over Intouch Holdings, which holds a 40.45% stake mobile market leader AIS.
Gulf Energy, which is controlled by billionaire Sarath Ratanavadi, already holds an 18.9% stake in Intouch, and has bid 169 billion baht (US$5.4 billion) to take control of the unit. Approval is required from both regulators and Gulf Energy Development’s shareholders, but if the deal goes through it would grant the energy firm access to a far wider range of revenue streams.

Related Keywords

Thailand , Thai , Sarath Ratanavadi , Singtel , Fitch Ratings , Gulf Energy , Gulf Energy Development , Intouch Holdings , Is , Untouch , Acquisitions , Thaicom , தாய்லாந்து , தாய் , ஃபிட்ச் ரேடிஂக்ஸ் , வளைகுடா ஆற்றல் , வளைகுடா ஆற்றல் வளர்ச்சி , தொடர்பில் ஹோல்டிங்ஸ் , இருக்கிறது ,