SET-listed Ratch Group, Thailand's largest private power producer by capacity, has completed a US$605 million deal to acquire Singapore-based Nexif Energy Joint Venture, part of a move to grow its energy and battery businesses.
It bought the asset from RH International (Singapore) Corporation Pte.
The acquisition led Ratch to establish Nexif Ratch Energy Investments Pte to oversee new and existing businesses of Nexif Energy, according to a letter submitted to the Stock Exchange of Thailand yesterday.
