BreadTalk Group acquires strategic interest in NPPG (Thailand) Public Company

BREADTALK Group will acquire, through a subsidiary, a total of 380 million shares in NPPG Public Company , at 1.50 Thai Baht per share.

The transaction will be completed in two tranches. In the first tranche, BTG will purchase 285 million shares at 1.50 THB per share, equivalent to a 15 per cent stake in NPPG, before end-April. In the second tranche, BTG will purchase the remaining 95 million shares at 1.50 THB per share, equivalent to approximately 5 per cent of NPPG shareholding, before end-January 2020.At 1.50 THB per share, 380 million shares will cost BreadTalk around 570 million Baht .

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