Super sells 49 per cent of its share in Solar NT to Ayala

Super Energy Corporation Public Limited Company (Super) has sold 49 per cent of its interest in Solar NT Holdings (Solar NT) to Ayala Group.

Solar NT currently operates nine solar farms in Vietnam. The transaction is valued at USD165 million including conditions precedent. After the transaction is finalised, Super will dilute its shares in the company to 51 per cent. Solar NT is currently conducting a restructuring process. After the exercise is completed, direct and indirect subsidiaries will undertake the operation and management of the nine solar farms in Vietnam, with a combined power generating capacity of 837 MW.

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