BGRIM Acquires 90% Stake in Poland-Based Wind Farm with an Installed Capacity of 14MW
BGRIM enters into the Share Purchase Agreement with visaVento Holding AG for acquiring 90% stake in Visa Max Solar Sp.z. for development of ZEL1-14.1 MW Wind Project in Poland
B.Grimm Power Public Company Limited (BGRIM) announced that the Board of Directors’ Meeting dated 1 October 2021 passed the resolution approving BGRIM (as the purchaser) to enter into the Share Purchase Agreement with visaVento Holding AG (as the seller) for acquiring 90 shares (equivalent to 90% of total shares) in Visa Max Solar Sp.z. (a Polish company previously 100% owned subsidiary of visaVento AG) with the purchase price of PLN 45,000 (or equivalent to approximately THB 383,000 (as of 30 September 2021)) for development of ZEL1-14.1 MW Wind Project in Poland.