Thai energy giant PTT to divest from Indonesian palm oil biz

Thai energy giant PTT to divest from Indonesian palm oil biz

Image from www.pttge.com

PTT PCL, one of Thailand’s leading energy conglomerate will be selling its entire investment in PT Mitra Aneka Rezeki (PT MAR) in Indonesia to PT Prasada Jaya Mulia (PJM) and Harvey Bay Overseas Ltd (HBO) for $35 million, as a part of its plan to divest non-core operations. This was decided by the company’s board of directors in a recent meeting.

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