BKV Announces Acquisition of Control Position in BKV-BPP Power Joint Venture to Accelerate Growth Strategy

Core Viewpoint - BKV Corporation has entered into a definitive purchase agreement to acquire a 50% interest in BKV-BPP Power, LLC from Banpu Power US Corporation, resulting in BKV owning 75% of the Power JV after the transaction closes [1]. Group 1 - BKV Corporation is acquiring half of Banpu Power US Corporation's interest in BKV-BPP Power, LLC [1]. - The transaction will increase BKV's ownership in the Power JV to 75% [1].