VA Tech WABAG executed a Shareholders Agreement for its Ghaziabad CBG project joint venture with PEAK Sustainability.
Initial shareholding is structured with WABAG holding 51% (5,100 shares) and PEAK holding 49% (4,900 shares) in the SPV.
Key terms include a 3-year share lock-in, proportional board representation, and rights of first refusal on share transfers.
The agreement governs the Build-Operate-Transfer project for a compressed bio-gas plant in Ghaziabad, Uttar Pradesh.