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PTT Global Chemical concocting merger-acquisition plan
CorporateJan 14. 2021
By The Nation
PTT Global Chemical Plc (PTTGC) is developing a merger-and-acquisition plan with a focus on businesses where it still has production lines, said chief executive officer Kongkrapan Intarajang.
The M&A plan will become clearer as the year progresses, he added.
He explained that the Covid-19 fallout meant some companies were now considering selling businesses at low prices, opening opportunities for M&A deals.
PTTGC is expected to invest between Bt30 billion and Bt50 billion this year on business development. However, this amount does not include the M&A budget.