# B.Grimm Power acquires 70% stake in Ang Thong Power for 2.52 billion baht

B.Grimm Power Public Company Limited (BGRIM) acquired a 70% stake in Ang Thong Power Co (ATP), a small power producer operating a 123-MW co-generation facility in Ang Thong Province, Thailand, for 2.52 billion baht. The acquisition was made through its wholly-owned subsidiary B.Grimm Power (Chon Buri) 2 Co.

- Type: Acquisition
- Announced: 2020-03-17
- Where: Ang Thong Province, Thailand
- Value: $80.0M (2.52B THB)
- Status: completed
- Capacity: 123 MW
- Products: electricity, steam
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [B.Grimm Power](https://endata.com/companies/45967.md) (acquirer)
- [Ang Thong Power](https://endata.com/companies/45968.md) (target)
- [Redman Pacific Holding](https://endata.com/companies/45969.md) (partner)

## Sources

- [kaohoon.com](https://www.kaohoon.com/news/international/348335), 2020-03-17: "The acquisition, made through wholly-owned B.Grimm Power (Chon Buri) 2 Co, consolidated BGRIM’s outstanding portfolio to 3,019 MW and raising the total power plant network to 47."

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