OSP Acquires 20% Stake of London’s Beverage Company “Basecamp Brews”
OSP has made an investment through its indirect wholly-owned subsidiary to acquire 20% in a beverage company.
In the previous Board Meeting, the Board of Directors of Osotspa Public Company Limited (OSP) has resolved to approve in principle the investment, through its indirect wholly-owned subsidiary, in Basecamp Brews Limited, a beverage company registered in the United Kingdom (BCB) with the total investment amount not exceeding GBP 10,400,000 (approx. ฿428 million), to acquire the shares in BCB.
The Investment will be classified as investment in an associated company in consolidated financial statement of OSP. The purpose of this Investment is to expand the overseas business of OSP.
On December 24, 2018, OSP has informed that the company has executed the agreements in relation to the investment with BCB and the relevant parties and, at the current stage, has acquired 20% of the total shares in BCB. Pursuant to the investment agreements, OSP is entitled to nominate one director out of three directors of BCB.
