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Barito Makes More Than $5 Billion Takeover Bid for EDC

AEDC
INDO
M&A & RestructuringEnergy Markets & PricesCompany FundamentalsInfrastructure & Defense

PT Barito Renewables Energy has reportedly made an offer to buy geothermal company Energy Development Corp. to expand its footprint in the Philippines. The report does not specify offer size or deal terms, so near-term market reaction is likely limited to the involved names rather than the broader market.

Analysis

PT Barito Renewables Energy has reportedly made an offer to buy geothermal company Energy Development Corp. to expand its footprint in the Philippines. The report does not specify offer size or deal terms, so near-term market reaction is likely limited to the involved names rather than the broader market.

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