B.Grimm seals deal for Sime Darby unit | Bangkok Post: business

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B.Grimm seals deal for Sime Darby unit

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B.Grimm, one of Thailand's oldest conglomerates, has acquired the power business of Malaysia's Sime Darby in Thailand for 5.3 billion baht and plans to seek more opportunities in Asean. 

B.Grimm chairman Harald Link says the two plants acquired from Malaysia's Sime Darby provide synergy with the Thai company's existing capacity.

Under a sales and purchase agreement signed yesterday, B.Grimm Power acquired two power plants with a combined generating capacity of 163 megawatts and 70 tonnes per hour of steam from Sime Darby Energy Pte, a wholly owned unit of the Malaysian conglomerate.

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