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May 5--UTILITY'S DEAL MOVES FORWARD: Ratchaburi Electricity Generating Holding Plc says that due diligence has been completed pursuant to a memorandum of understanding signed with Banpu Plc on Feb 27 to become strategic allies in the power generation and distribution business.
However, the transaction proceedings remained uncertain due to many conditions, the company said. These include the determination of the share price of the Tri Energy and BLCP power pants in which Banpu is a shareholder, method of payment, terms and conditions of the share sale and purchase agreement, and related contracts and documents.
Ratchaburi said it would update the Stock ...