BCPG Completes Acquisition of ALT for Oil Transport Business Investment

BCPG Public Company Limited (SET: BCPG) announced on Tuesday that it had fulfilled all of the conditions required under the Share Purchase Agreement to close the acquisition of all of Asia Link Terminal Company Limited (ALT)’s shares. The objection for an investment in an oil terminal and seaport for the oil transport business in Phetchaburi Province.

Consequently, BCPG intends for ALT tol enter into the appointment of Bangkok Pipeline and Logistics Company Limited (BFPL) as the Asset and Tank & Terminal Management Contract including operating the seaport and pipeline of ALT in Phetchaburi.

BFPL is a subsidiary of Bangchak Corporation Public Company Limited (SET: BCP).

This transaction has been approved at the Board of Directors’ Meeting dated 22 May 2023.