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Bangkok Post, Thailand, Business Briefs Column.

Bangkok Post (Bangkok, Thailand)

| May 05, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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