EGCO Bid For GS Power Highlights Diversification Trend

Thailand power producer Electricity Generating Public Company (EGCO) has made a bid to acquire a 50% stake in South Korea-based GS Power , the power generation subsidiary of GS Caltex . CFW believes that this move by EGCO is a prudent move and is another sign of Thai power companies diversifying away from their volatile and competitive domestic market.

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