Thai PTT expects consolidation plan to be ready Q1

PTT Pcl, Thailand's top energy firm, said on Monday it expected to have a group consolidation plan ready in the first quarter of this year and the merger should then go through in the third quarter.
The proposed consolidation may involve three companies that have operations in the eastern province of Rayong, and PTT plans to choose two of the three to be merged in a first phase, Chief Executive Prasert Bunsumpun told reporters.
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Source: Reuters