SET-listed Gulf Energy Development has divested a 50% equity stake in the Borkum Riffgrund 2 offshore wind power project in Germany to the Keppel Group for around 11 billion baht.
Gulf International Holding Pte, a wholly owned subsidiary of Gulf, entered into a shareholders' agreement and share purchase agreement. Neptune1 is a joint venture company of Keppel Infrastructure Trust (KIT) and Keppel Renewable Investments, which is held by Keppel Corporation. Collectively, this represents the Keppel Group.
