Gulf Energy scraps Intouch acquisition loan on poor tender results

Pan Yue

August 12, 2021 03:00 am

Gas_power_plant_PA_230x153 — The Port of Rotterdam pictured on July 2, 2019 in Rotterdam, Netherlands. The Port of Rotterdam is one of the largest ports in Europe. (Photo by Robin Utrecht/Sipa USA) | Robin Utrecht/SIPA USA/PA Images

Thailand’s Gulf Energy Development Public Co has cancelled its mega loan for the acquisition of Intouch Holdings after the tender offer result fell short of expectations, dealing a blow to Asia’s syndication market.

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Topics

Standard Chartered Deutsche Bank Maybank Sumitomo Mitsui Financial Group

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Pan Yue

Loans reporter GlobalCapital Asia