MUMBAI: Thailand’s state-owned energy giant PTT Group, also the country’s biggest conglomerate, is in talks with Goldman Sachs Group to buy a stake in ReNew Power, underscoring the rising interest of Southeast Asian oil and gas companies in green ventures in the region.
The transaction could lead to the Wall Street investment bank selling at least half its stake in the renewable energy company. The final contours are expected to be finalised in the coming weeks as talks progress, said multiple people aware of the development.
