Banpu divests stake in Sunseap for S$469 million

Congratulations to our longtime client Banpu on their divestment of a 47.5% stake in Singapore-based solar energy group Sunseap. Banpu’s shareholding has been sold to EDP Renewables, a subsidiary of Portugal’s biggest power utility, for US$347 million(c.S$469 million). Banpu intends to capitalize on the learning curve from the investment in Sunseap to redeploy both expertise … Continued