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 Industries
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24 Aug 06 19:52
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PTT announces 3.75bn baht purchase
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Bloomberg
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PTT Chemical Plc, Thailand's second- largest petrochemical maker, will pay Bt3.75 billion ($99.5 million) for stakes in two polyethylene units held by its parent, PTT Plc.
PTT Chemical will pay 1.75 billion baht for 11.5 million shares in PTT Polyethylene and 2 billion baht for 85 million shares in Bangkok Polyethylene Plc, the company said Thursday in a statement to the Thai exchange. Ayudhya Securities Plc is advising on the deal.
PTT Chemical, the largest olefins producer in Thailand with...
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