Rajah & Tann Singapore LLP acted for Sunseap Group Pte. Ltd. in the S$1.1 billion sale of a 91% stake by certain shareholders, including Thai energy firm Banpu Public Company Limited and Singapore’s Temasek Holdings Limited, to EDP Renováveis (EDPR), one of the world’s leading renewable energy companies.

The transaction was led by Partners Chia Kim Huat and Hoon Chi Tern from the firm’s Capital Markets and Mergers & Acquisitions practice. Supporting them were Partners Lee Xin Mei and Adzfar Alami from the Banking & Finance practice, as well as Partner Kala Anandarajah, who advised on Competition, Antitrust, and Trade matters.

The deal underscored Sunseap’s value as a key player in renewable energy across Asia and was strategically significant for EDPR’s expansion into the region. The legal team from Rajah & Tann worked on structuring, negotiating, and executing the transaction, while also ensuring compliance with regulatory and competition law requirements.

(Sources)