Gulf Energy looks wide for $5.3bn acquisition financing : co

Gulf Energy looks wide for $5.3bn acquisition financing


By Pan Yue
08.00 AM
Thai power company Gulf Energy Development Public Co is in talks with a large group of banks to support its jumbo acquisition of the telecommunication firm Intouch Holdings.
Gulf Energy is looking for a bridge loan with tenor between one and 1.5 years with a size of around Bt17bn ($5.3bn) to support the acquisition, the company said in an emailed response to GlobalCapital Asia. Considering the large size, the power producer is in talks with
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