Krungsri Securities has a neutral view on the divestment of Global Power Synergy Public Company Limited (SET: GPSC) in Avaada, expecting the deal to generate 800 million baht to the company.
GPSC has announced the sale of a 3% stake in AEPL (Avaada) back to its parent company, AVPL, for a total value of THB 2,594 million. This transaction will decrease GPSC’s shareholding in AEPL (Avaada) to 39.9%. The deal is expected to close in the third quarter of 2025.
Preliminary forecasts from Krungsri Securities suggest that this transaction will generate an extra gain of approximately THB 800 million for GPSC, which is anticipated to be reinvested later.
The divestment is viewed as neutral, with no significant impact on GPSC’s 2025 forecasted earnings from operations.
