BGLOBAL SIGNS JV AGREEMENT WITH SAMSUNG C&T CORPORATION
Bglobal plc (AIM: BGBL) signed a joint venture agreement (the "JV Agreement") with Samsung C&T Corporation ("Samsung C&T") on 9 August 2012.
The JV Agreement will become binding and effective after certain conditions including the following are satisfied: receiving a firm order from a UK energy supplier for the smart energy solution and the necessary regulatory and internal approvals from Samsung C&T. Therefore, the JV Agreement will become binding and effective when the above conditions are fully satisfied.
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