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BKV Corporation agreed to acquire from Banpu Power US Corporation one-half of BPPUS' interest in BKV-BPP Power, increasing BKV's ownership to 75%. The consideration is $376 million less 25% of the joint venture's net indebtedness, paid 50% in cash and 50% in BKV common stock.
“This transaction marks an important step in advancing BKV's closed-loop energy strategy by increasing its ownership and control of the Power JV.”bkv.com
Summarized from public sources; check the original articles before acting on it.