Tuesday, August 30, 2011

PTT Pcl keen to acquire stake in Chandra Asri as part of its foreign expansion drive

PTT Pcl, Thailand's top energy firm is eager to acquire a stake in Indonesian petrochemicals producer PT Chandra Asri as part of its foreign expansion drive, as per Reuters. "This should be the startiing point for PTT to expand into the petrochemical business in Indonesia," said a source, adding PTT group was not yet in talks with the seller and had not mandated any financial adviser for the moment.

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