RATCH Group completed the acquisition of a 40% stake in Fareast Renewable Development from Hydro Sumatra for $54m.

RATCH Group-backed RH International, a company that generates and transmits electric energy, completed the acquisition of a 40% stake in Fareast Renewable Development, a renewable energy equipment manufacturer, from Hydro Sumatra for $54m. "The investment in FRD not only serves the company’s capacity growth target for renewable energy development, but also supports success of business restructure of FRD’s shareholders," Choosri Kietkajornkul, RATCH Group CEO.