Univenture BGP Co., Ltd. agreed to acquire Eastern Cogeneration Company Limited from Eastern Power Group Public Company Limited (SET:EP) for THB 12.4 billion on October 27, 2021. As per the update on November 15, 2021, Univenture BGP Co., Ltd will acquire 10 million shares representing 100% stake of Eastern Cogeneration Company Limited. Transaction will be funded through capital provided by acquirer. As of June 30, 2021, Eastern Cogeneration Company Limited has reported total assets of THB 17.53 billion and common equity of THB 400.88 million. The completion of acquisition of shares mentioned above is subject to fulfillment by the relevant parties of all terms and conditions precedent under the share sale and purchase agreement. hHe transaction is subject to obtaining approval from shareholders of Univentures Public Company Limited (SET:UV), parent of Univenture BGP Co., Ltd. Eastern Power Group Public Company Limited and its Board of Directors. Each party shall pay a break fee of THB 1 billion to other party in cash of breaching of contract by any party. It is anticipated that the acquisition of all shares in E-COGEN by UVBGP will be completed within 2021. Jay Capital Advisory Limited acted as independent financial advisor to Univentures Public Company Limited (SET:UV), parent of Univenture BGP Co., Ltd. Sumet Orsirivikorn, Vit Vatanayothin, Somika Phagapasvivat and Suksawat Watewai of Baker & McKenzie LLP acted as a legal counsel to Univenture BGP Co., Ltd. As of December 16, 2021, the transaction is approved by shareholders of Univenture BGP Co., Ltd.

Univenture BGP Co., Ltd. completed the acquisition of Eastern Cogeneration Company Limited from Eastern Power Group Public Company Limited (SET:EP) on December 21, 2021.