BCPG Hamilton, a subsidiary of BCPG Public Company Limited, is divesting its 25% shareholding in Hamilton Holdings II, LLC, which controls two natural gas power plants in Pennsylvania, USA. The sale to Vistra Operations Company LLC is valued at a minimum of $575 million, triggered by a drag-along right exercised by other shareholders.
This divestment will provide BCPG with cash for future clean energy and infrastructure investments, improve its debt-to-equity ratio, and strengthen its financial position.
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Organizations Mentioned
BCPG
BCPG
Hamilton Holdings II
Hamilton Liberty
Hamilton Patriot
Vistra
Vistra
TSVME
Bangchak