BANGKOK Nov 18 PTT Pcl, Thailand’s
largest energy firm, said on Friday it will restructure its oil
marketing and retail business and plans to list the division on
Thailand’s stock exchange, without setting a specific time.
State-controlled PTT had studied plans to spin off the
retail business which analysts say could help unlock asset value
and pave the way for stronger growth in the long run.
The retail division may be valued between $2 billion and $3
billion, according to financial sources.
The restructuring of the retail unit, to be renamed as PTT
Oil and Retail Business Co Ltd (PTTOR), will boost flexibility
for PTT in expanding into international markets, Chief Executive
Officer Tevin Vongvanich told a news conference…
Read the full article at: http://in.reuters.com/article/ptt-restructuring-idINL4N1DJ2FG