BKV Announces Acquisition of Control Position in BKV-BPP Power Joint Venture to Accelerate Growth Strategy
DENVER--(BUSINESS WIRE)--BKV Corporation ("BKV†or the "Company†) (NYSE: BKV) and Banpu Power US Corporation ("BPPUS†) today announced that they have entered into a definitive purchase agreement (the "Purchase Agreement†) pursuant to which BKV will acquire from BPPUS one- half of BPPUS' interest in BKV-BPP Power, LLC ("BKV-BPP Power†or the "Power JV†) such that at the closing of the transaction, BKV would own 75% of the limited liability company interests in BKV- BPP Power. This transaction mark. ...