BTS Group Holdings Public Company Limited (SET:BTS) made an offer to acquire 17.82% in Thanulux Public Company Limited (SET:TNL) for THB 1.3 billion on September 30, 2022. As per the terms, BTS Group will acquire 37,837,234 shares in Thanulux through tender offer. BTS Group Holdings Public will finance the acquisition through line of credit of THB 1,251 million from Kiatnakin Phatra Bank Plc. The offer per share is THB 33.06. BTS group board has approved the transaction. The offer will commence from December 20, 2022 and will close on January 24, 2023.

BTS Group Holdings Public Company Limited (SET:BTS) completed the acquisition of 0.08% stake in Thanulux Public Company Limited (SET:TNL) for THB 5.45 million on January 24, 2023.