(EnergyAsia, March 22) — PTT Plc, Thailand’s largest energy firm, said it expects the initial public offering this year of its refinery business to raise roughly US$1 billion, reported the Bangkok Post. The company plans to merge its two refineries, Rayong Refinery and Star Petroleum Refinery, and list 25% of the the unit by year-end….
THAILAND: Public sale of merged refineries might net US$1 billion
Posted on March 22, 2005 by EnergyAsia