FIRMS ON OFFENSIVE
Amata B Grimm Power Group is partnering with Global Power Synergy to bid for more than 51 per cent of Indonesia’s Medco Power.
The two Thai companies have submitted a bid for the Medco Power stake and are in exclusive talks with Indonesia’s Saratoga Group, Amata B Grimm president Preeyanart Soontornwata said yesterday. The deal is expected to be finalised in the middle of this month.
The company will use cash and loans to finance the purchase, he said.
A spokesman for Saratoga Group, which owns a majority stake in Medco Power, said it was in talks with several parties to sell a stake in the company, which operates power plants in Indonesia. He declined to give details. – Reuters
AIS appoints Sunitaya Shinawatra as new CFO
Advanced Info Service has appointed Sunitaya Shinawatra, senior vice president for finance, as chief financial officer, effective yesterday.
She has been responsible for overall financial management of AIS for more than 21 years.
She was selected by the telecom company’s leadership development and compensation committee.
Sea Value eyes 20% of tuna market
Canned-fish company Sea Value has expanded into the Thai tuna market, aiming to capture a 20-per-cent share.
Amornphan Aramwatananont, senior vice president of the premium tuna processor and exporter, said yesterday that the company was ready to grow full steam ahead in the Thai market under the established Super-C-Chef brand.
For more than 30 years, the company has exported tuna to more than 200 markets worldwide including Japan, Australia, the US, and countries in the European Union, the Middle East and Africa.
