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Friday, May 3, 2024

Egco buys 30% stake in Indonesian company

A jetty management service is among the businesses under PT Chandra Daya Investasi.

SET-listed Electricity Generating (Egco), a power generation arm of state-run Electricity Generating Authority of Thailand, has acquired a 30% share in Indonesia-based PT Chandra Daya Investasi for US$194 million to strengthen its power business and venture into the infrastructure sector in Asean.

PT Chandra Daya Investasi (CDI) is a subsidiary of PT Chandra Asri Petrochemical Tbk…

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