BCPG Public Company Limited (SET:BCPG) entered into share purchase agreement to acquire 33.3% stake in Star Energy Group Holdings Pte Ltd from Star Energy Investments Ltd. for approximately $360 million on April 25, 2017. The consideration will be paid in cash. Under the terms of the transaction, BCPG Public Company will acquire 0.28 million shares. The transaction will be financed through loan from financial institution and internal cash flow. As a part of the transaction, BCPG Public Company will be entitled to nominate two directors. Star Energy Group Holdings reported total assets of $1.2 billion, net assets of $469.7 million, and net profit of $43.96 million for the year ended December 31, 2016. As of May 17, 2017, I V Global Securities Public Company Limited is of the opinion that transaction is reasonable and recommends shareholders to approve the transaction. On June 13, 2017, the transaction is approved by shareholders of BCPG Public Company Limited. The transaction is subject to approval from board of directors and shareholders of Star Energy Group Holdings, approval from Bank of Thailand, and others. If the conditions are not fulfilled before July 31, 2017, the transaction will be terminated. The transaction was approved by the board of directors of BCPG Public Company on April 26, 2017. The transaction was approved by the board of directors Bangchak Corporation Public Company Limited on April 27, 2017. I V Global Securities Public Company Limited acted as independent financial advisor and Norton Rose (Thailand) Limited aced as legal advisor to BCPG Public Company Limited. Thordon Cook Power acted as technical advisor and PT PricewaterhouseCooper Indonesia Advisory acted as tax and financial advisor to BCPG Public Company Limited. Melissa Ng, Vipavee Kaosala, Benjamin Moh and Purvi Doshi of Clifford Chance acted as legal advisor to Star Energy Investments Ltd. BCPG Public Company Limited (SET:BCPG) completed acquisition of 33.3% stake in Star Energy Group Holdings Pte Ltd from Star Energy Investments Ltd. on July 26, 2017.