Thai PTT Chemical to acquire a stake in Malaysian jv
BANGKOK, July 23 |
BANGKOK, July 23 (Reuters) - Thai PTT Chemical PTTC.BK said on Wednesday it agreed to pay 104 million euro ($164 million) to acquire a 50 percent stake in a Malaysian joint venture from German chemicals maker Cognis [COGN.UL].
PTT Chemical, the largest olefins maker in Thailand, said in a statement the deal was expected to be completed by September.
($1=.6340 Euro)
(Reporting by Arada Therdthammakun and Ploy Chitsomboon; Editing by Darren Schuettler)
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