Gulf Energy Development Public Company Limited (GULF) as the Company informed that on August 11, 2022, Gulf International Holding Pte. Ltd. (GIH), a subsidiary in which the Company Holds 100% of shares, has entered into a shareholder agreement Ltd. (Neptune1), a joint venture between Keppel and Borkum Riffgrund 2 Investor Holding GmbH (BKR2 Holding). Infrastructure Trust and Keppel Renewable Investments under Keppel Corporation Limited (collectively the Keppel Group) with a 50.01% stake at a total value of 305 million euros, and GIH will transfer the shares following the completion of the terms of the agreement.
The Company would like to inform that on 22 Dec ’22, Neptune1 and GIH have completed the above conditions in the contract. GIH has therefore transferred the shares of BKR2 Holding to Neptune1 and received the share payment. it’s done As a result, GIH’s stake in BKR2 Holding decreased from 100% to 49.99% and GIH’s indirect stake in Borkum Riffgrund 2 Offshore Wind Farm GmbH & Co. oHG (the BKR2 project) decreased from 50. % to 24.99%
By InfoQuest News Agency (22 Dec. ’22)
Tags: GULF, Gulf Energy Development, Thai stocks
