• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow

IRPC board to decide on PTT group merger plans

25 May '10
1 min read

IRPC informed the Thailand stock exchange that the firm's board, IRPC PCL, will conduct a meeting to take a call on the long-awaited merger of the PTT group.

PTT owns 37 percent stake in IRPC, which is one of Thailand's finest energy generation company and is one of Southeast Asia's biggest integrated petrochemical complex.

The information about PTT merger was given to the stock exchange after a local newspaper reported about IRPC's plans of merging with PTT Aromatics and Refining on the 6:1 ratio, i.e. six IRPC shares for one PTT Aromatics share.

However, according to a PTT insider, the merger news was premature and that, there was no immediate decision.

PTT holds control of over 30 petroleum, oil and gas exploration, petrochemical and refining businesses and it is most likely to merge three of its divisions, PTT Chemical, PTT Aromatics and IRPC.

The merger plans have been delayed since last November and it targets at cost cutting and improving efficiency. The plans are being closely observed by the investors. PTT is likely to complete its merger by the second quarter of this fiscal.

Fibre2Fashion News Desk - India

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search