Ratch Group Public Company Limited signed a share purchase agreement to acquire 4.82% stake in Sahacogen Public Company Limited from Saha Pathana Inter-Holding Public Company Limited for THB 260 million.

Ratch Group Public Company Limited (SET:RATCH) signed a share purchase agreement to acquire 4.82% stake in Sahacogen (Chonburi) Public Company Limited (SET:SCG) from Saha Pathana Inter-Holding Public Company Limited (SET:SPI) for THB 260 million on October 28, 2021. As per terms Ratch Group shall acquire 46.04 million shares from Saha Pathana Inter-Holding Public Company Limited at THB 5.75 per share. In related transaction, Ratch Group shall acquire 35.47% stake from other 33 shareholders, subscribe for additional new shares so as to increase the total stake to 51% and then make a tender offer to acquire remaining 49% stake in Sahacogen (Chonburi) Public Company Limited.

The transaction is approved by the board of Ratch Group and does not require approval from the shareholders. The transaction is approved unanimously by the board of Saha Pathana Inter-Holding Public Company Limited. The transaction is expected to complete within 2021.