Barito Pacific to Acquire 66% Stake in Star Energy for USD700 Million

Published: Aug 04 2017
Deal Summary

PT Barito Pacific Tbk, a diversified company, has agreed to acquire 66% stake in Star Energy Group Holdings Pte. Ltd., a renewable energy company, for a purchase consideration of USD700 million.

According to the reports, Barito Pacific has already made a security deposit of USD300 million and wil pay USD400 million to acquire 66% stake in Star Energy Group.

Earlier on April 26, 2017, BCPG Public Company Limited, a renewable energy company, has agreed to acquire 33% stake in Star Energy Group Holdings,for a purchase consideration of up to USD357.5 million.

The transaction is expected to be closed by the first quarter of 2018.

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