Wednesday, December 08, 2010

PTT Pcl’s long-awaited group consolidation plan on hold

PTT Pcl has put a long-awaited group consolidation plan on hold because it wants to focus on legal problems at affiliate IRPC Pcl as well as other matters, as per Reuters. State-controlled PTT plan too consolidate its petrochemical and refinery businesses had been widely expected to involve a merger between IRPC and PTT Aromatics and Refining Pcl to create Asia's eighth-largest oil refiner.

For more details on PTT Pcl’s long-awaited group consolidation plan on hold click here

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