BCPG Hamilton, a subsidiary of BCPG Public Company Limited, has received a formal notice from other shareholders to exercise drag-along rights. This compels BCPG Hamilton to sell its entire 25% shareholding in Hamilton Holdings II, LLC, which owns two natural gas power plants in Pennsylvania, USA, to a third-party buyer.
This development could lead to BCPG divesting its indirect ownership of 426 MW of US natural gas power generation capacity. The company is currently reviewing the terms and conditions of the notice and will follow regulatory procedures.
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