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Bangchak Petroleum to buy SunEdison’s Japanese solar operations

( May 16, 2016, 06:05 GMT | Insight) -- Thailand's Bangchak Petroleum expects to complete a 2.9 billion baht ($81.5 million) acquisition of Japan’s SunEdison by the end of June, having signed a conditional share purchase agreement on Jan. 29, The Nation reports. Thailand's Bangchak Petroleum expects to complete a 2.9 billion baht ($81.5 million) acquisition of Japan’s SunEdison by the end of June, having signed a conditional share purchase agreement on Jan. 29, The Nation reports. The agreement was signed between Bangchak’s green-energy subsidiary BCPG and SunEdison, for the latter’s solar power business, which includes 13 megawatts in installed solar farms. The acquisition is part of Bangchak’s 90 billion baht 2015-2020 expansion plan, which will likely see more mergers and acquisitions on top of organic growth plans for green energy and petroleum exploration and production.      ...

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