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3Cnergy to acquire portfolio of UK hotels via $389.3 million RTO deal

The Edge Singapore
The Edge Singapore • 3 min read
3Cnergy to acquire portfolio of UK hotels via $389.3 million RTO deal
The seller is Thailand conglomerate DTGO Corporation
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3Cnergy (SGX:502) is acquiring a portfolio of 17 UK hotels via a reverse takeover deal tentatively worth $389.3 million.

The assets are held under an entity called DTP Infinites, part of Thai conglomerate DTGO Corporation, 81%-controlled by Thippaporn Ahriyavraromp.

Thippaporn is the daughter of Dhanin Chearavanont, senior chairman of the Charoen Pokphand Group, one of Thailand’s largest companies with interests in agriculture, food and retail.

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