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Energy firm says yes to 30 percent stake in Thai Petrochemical Industry.

Bangkok Post (Bangkok, Thailand)

| December 03, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

Dec. 3--PTT Plc has notified the Finance Ministry that it is interested in taking a 30 percent stake in Thai Petrochemical Industry, according to Suparut Kawatkul, the ministry's permanent secretary.

He said the ministry would allow PTT flexibility in deciding whether to take the shares itself or as a partner with other institutions.

The ministry wants PTT, the country's largest petrochemicals and energy firm, to apply its industry expertise in taking a management role in running TPI.

Under TPI's revised $2.7-billion debt restructuring plan, new investors including PTT, the Government Pension Fund and ...

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Source: HighBeam Research, Energy firm says yes to 30 percent stake in Thai Petrochemical...