Nuovo Plus Co’s Acquisition of a Battery Business of GPSC

Weerawong C&P represented Global Power Synergy Public Company Limited in the deal.

Global Power Synergy Public Company Limited (GPSC), the power flagship company of the PTT Group, executed a disposal of its battery business to Nuovo Plus Co., Ltd., a joint venture company between GPSC and Arun Plus Co., Ltd. (a subsidiary of PTT Public Company Limited (PTT)) through an asset and share sale. The transaction value was THB 2,428 million (approx. $70 million).

The Weerawong C&P team led by Veeranuch Thammavaranucupt (Picture), Senior Partner and Siregran Sakuliampaiboon, Counsel included associates Tanapong Damkerngkhajornwong and Pootkarn Boonyarak.

Involved fees earner: Pootkarn Boonyarak – Weerawong Chinnavat & Peangpanor; Tanapong Damkerngkhajornwong – Weerawong Chinnavat & Peangpanor; Siregran Sakuliampaiboon – Weerawong Chinnavat & Peangpanor; Veeranuch Thammavaranucupt – Weerawong Chinnavat & Peangpanor;

Law Firms: Weerawong Chinnavat & Peangpanor;

Clients: Global Power Synergy Public Company;