Announced
Financials
Sources
Tags
offshore drilling
Private
Thailand
Acquisition
Pending
Offshore Drilling and Other Services
gas offshore assets
Friendly
Single Bidder
Synopsis
PTTEP HK Holding, a subsidiary of PTT Exploration and Production Public Company(PTTEP) acquires 39% stakes in APICO from Coastal Energy Company (Khorat) for $74m. “This acquisition of an additional interest in APICO underlines PTTEP’s growth strategy in expanding investment in Thailand. The deal will generate a return on investment to PTTEP while also driving further development of Sinphuhorm Project to support electricity generation in the northeast of Thailand.” Phongsthorn Thavisin, PTTEP President and Chief Executive Officer.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.