Acquiring Company
PT Barito Renewables Energy Tbk
Acquired Company
Energy Development
Indonesia
PhilippinesEnergyRenewable EnergySolarBiomass EnergyEnergyRenewable EnergyBiomass EnergyDescription
PT Barito Renewables Energy Tbk has made an unsolicited $5 billion offer to acquire Energy Development Corporation. The acquisition aims to expand Barito's presence in the renewable energy sector. Currently, there are no discussions or agreements signed between the parties. EDC's ownership structure complicates potential negotiations as it involves key shareholders controlling the company.
Fundz sees it the moment PT Barito Renewables Energy Tbk makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Energy Development?
Energy Development was acquired by PT Barito Renewables Energy Tbk, based in Indonesia. The deal was reported on October 4, 2026. PT Barito Renewables Energy Tbk is an Indonesian company specializing in renewable energy generation. They focus on geothermal energy and are engaged in various sustainable energy projects. PT Barito Renewables Energy Tbk is privately held and operates in Energy.
When did PT Barito Renewables Energy Tbk acquire Energy Development?
PT Barito Renewables Energy Tbk's acquisition of Energy Development was reported on October 4, 2026. PT Barito Renewables Energy Tbk has made an unsolicited $5 billion offer to acquire Energy Development Corporation. The acquisition aims to expand Barito's presence in the renewable energy sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Energy Development do?
Energy Development Corp. is a leading geothermal energy company based in the Philippines. It has a diverse portfolio of clean energy projects including geothermal, hydro, and other renewable energy sources. It is privately held, operating in Energy, and is based in Philippines.
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