Ratch Group Public Company Limited (SET:RATCH) entered into a share purchase agreement to acquire 15.5% stake in Bangkok Aviation Fuel Services Public Company Limited (SET:BAFS) from Thai Airways International Public Company Limited (SET:THAI) for THB 2.7 billion on December 29, 2020. Under the terms, 98.9 million shares will be acquired at THB 27.4 per share as a part of the transaction. Post the completion of the transaction, Thai Airways International Public Company Limited will hold 45 million shares representing 7.06% stake of Bangkok Aviation Fuel Services Public Company Limited. The transaction is approved by the Board of Directors of Ratch Group Public Company Limited, Thai Airways International Public Company Limited and Central Bankruptcy Court.

Ratch Group Public Company Limited (SET:RATCH) completed the acquisition of 15.5% stake in Bangkok Aviation Fuel Services Public Company Limited (SET:BAFS) from Thai Airways International Public Company Limited (SET:THAI) on January 19, 2021.