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Thailand's PTT disposes its shares in SRPC

by ChemOrbis Editorial Team -
  • 17/11/2017 (17:16)
According to local media sources, Thailand’s state-owned PTT Pcl. sold out its remaining 5.41% stake in Star Petroleum Refining Co. (SPRC) for around $112.6 million.

PTT Pcl. held 36% of the company’s shares prior to the company’s decision to loosen its monopoly on Thailand’s refining industry.

The Thai company currently owns shares in three oil and chemical refineries, including Thai Oil, PTT Global Chemical (PTTGC) and IRPC.
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