Thai PTT sells coal business to Indonesia's Astrindo for $471m

Thai PTT sells coal business to Indonesia's Astrindo for $471m

The logo of PTT is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

Thai state-owned energy firm PTT Pcl said on Tuesday it had agreed to sell its coal unit to Indonesia’s PT Astrindo Nusantara Infrastruktur Tbk for $471 million, as the company moves out of the coal business entirely.

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