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Announced

Gulf Energy Development to acquire a 49% stake in Jackson Generation from J-POWER USA.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Integrated Oil and Gas

Pending

energy

Single Bidder

United States

Minority

Private

power facility

Acquisition

Cross Border

Synopsis

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Gulf Energy Development, a Thai energy and infrastructure company, agreed to acquire a 49% stake in Jackson Generation, an energy facility, from J-POWER USA, a competitive energy producer. Financial terms were not disclosed. "J-POWER USA is excited to partner with GULF, a leading power and infrastructure company in Thailand as they make their first investment into the U.S. power market. We expect Jackson Generation to continue to deliver clean reliable power to residents in Illinois as we work toward a clean energy future," Mark Condon, J-POWER USA President and CEO.

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