Monday, January 18, 2021

PTT Global Chemical concocting merger-acquisition plan

Jan 14. 2021
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By The Nation

PTT Global Chemical Plc (PTTGC) is developing a merger-and-acquisition plan with a focus on businesses where it still has production lines, said chief executive officer Kongkrapan Intarajang.

The M&A plan will become clearer as the year progresses, he added.

He explained that the Covid-19 fallout meant some companies were now considering selling businesses at low prices, opening opportunities for M&A deals.

PTTGC is expected to invest between Bt30 billion and Bt50 billion this year on business development. However, this amount does not include the M&A budget.

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