Thais buy into Transfield fund
Thailand’s largest independent power producer Ratchaburi Electricity Generating Holding (RATCH) has bid A$373 million for up to 85 percent of the ASX listed Transfield Services Infrastructure Fund (TSI Fund).
Ratch has been eyeing Australian assets for over two years, and the company’s president Noppol Milinthanggoon says the bid is part of a “strategic plan to gain more assets in our portfolio related to the power sector in this region.”
TSI’s assets include a stake in Victorian coal power generator Loy Yang. The company’s portfolio includes five power stations, two water filtration plants and three wind farms.
“TSI Fund’s key differentiator is its beneficial relationship with the global asset management company Transfield Services, which provides expertise in asset development, project management, operations and maintenance,” RATCH said in a release.
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