SRPP NEWS l 20 April 2022
SRPP represented BCPG in its divestment of all shares in Star Energy Group Holdings Pte. which owns three geothermal projects in Indonesia for USD 440.0 million.
SRPP Ltd. represented BCPG Public Company Limited (“BCPG”) in its divestment of its disposal of the 33.33% paid-up ordinary shares in Star Energy Group Holdings Pte. Ltd. (“SEGHPL”), a holding company with subsidiaries engaging geothermal power plant business in indonesia with a total gross capacity of 875 MW, to Springhead Holdings Pte. Ltd. for USD 440.0 million (approximately THB 14,566,900,000).
SEGHPL's three projects—Wayang Windu Geothermal power plant, Salak Geothermal power plant, and Darajat Geothermal power plant—are all in West Java province.
SRPP was a lead legal advisor responsible for reviewing, revising and negotiating all definitive agreements in respect of the sale of shares in SEGPHL on behalf of BCPG and SRPP was also a trusted advisor in providing advice on the transaction structure and navigating the transaction.
The transaction is led by Somboon Kitiyansub (Founding Partner), Thosaphol Thurongkinanonth (Senior Associate) and Thannawat Apitukkakul (Associate).
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