RATCH Group-backed RH International to acquire Paiton Energy from Mitsui.

RH International, a unit of Thai energy firm Ratch Group, agreed to acquire Paiton Energy, an Indonesian coal power plants operator, from Mitsui, a Japanese trading house. This transaction is expected to close before the end of fiscal year ending March 2022 subject to completion of certain conditions precedent. Financial terms were not disclosed. Mitsui expected to book a profit from the deal. This transaction is being implemented as part of Mitsui's ongoing strategy to re-cycle its business portfolio.