# BKV to acquire additional stake in BKV-BPP Power joint venture for $376M

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.

- Type: Acquisition
- Announced: 2025-10-29
- Where: Texas, United States
- Value: $376.0M
- Status: announced
- Products: power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [BKV Corporation](https://endata.com/companies/32137.md) (acquirer)
- [Banpu Power US Corporation](https://endata.com/companies/57065.md) (target)
- [BKV-BPP Power](https://endata.com/companies/88127.md) (target)

## Sources

- [bkv.com](https://www.bkv.com/news/bkv-announces-acquisition-of-control-position-in-bkv-bpp-power-joint-venture-to-accelerate-growth-strategy), 2025-10-29: "This transaction marks an important step in advancing BKV's closed-loop energy strategy by increasing its ownership and control of the Power JV."
- [stocktitan.net](https://www.stocktitan.net/sec-filings/BKV/8-k-bkv-corp-reports-material-event-60dc3902f3f5.html), 2025-10-29: "BKV Corporation agreed to acquire one-half of Banpu Power US's interest in their BKV‑BPP Power joint venture, which will leave the venture owned 75% by BKV and 25% by BPPUS."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.