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Egat's $325m Adaro stake purchase wins clearance

( October 27, 2016, 05:20 GMT | Insight) -- The Thai cabinet has cleared the Electricity Generating Authority of Thailand's proposed acquisition of up to 12 percent of coal miner Adaro Indonesia for $325 million, Reuters reports. The Thai cabinet has cleared the Electricity Generating Authority of Thailand's proposed acquisition of up to 12 percent of coal miner Adaro Indonesia for $325 million, Reuters reports. The purchase will be made through the state-owned power company’s subsidiary, Egat International Co, which was founded in 2007 to invest in power and energy projects overseas. Adaro Indonesia is a subsidiary of Adaro Energy, Indonesia's biggest coal miner by market value....

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