PTT SPEEDS UP SALE TALKS

TUESDAY, AUGUST 22, 2017
PTT SPEEDS UP SALE TALKS

PTT Plc is speeding up its negotiations to sell its palm business in Indonesia, while insisting the liquidation will not affect the company's performance.

Kanyamas Rithidej, a senior official at PTT's investor relations department, said: “The company is negotiating with its trade partner in Indonesia to sell its last palm plantation.” 
In regard to investment, PTT expects the terms of reference for the Erawan and Bongkot fields to be released for the auction of their concessions in October, and its subsidiary PTT Exploration and Production is expected to bid for the Bongkot field.