BKV Corporation Successfully Closes Acquisition of Control Position in BKV-BPP Power Joint Venture

DENVER--(BUSINESS WIRE)--BKV Corporation ("BKV†or the "Company†) (NYSE: BKV) today announced the successful completion of its acquisition of one-half of Banpu Power US Corporation's ("BPPUS†) interest in BKV-BPP Power, LLC ("BKV-BPP Power†or the "Power JV†) for approximately $115.1 million in cash and 5,315,390 shares of newly issued BKV common stock, increasing BKV's ownership stake of the Power JV to 75% from 50%. The increased ownership stake by BKV in the Power JV reflects a streamlined s. ...