Deal could cut costs and reduce risks
Analysts are optimistic about Bangchak Corporation’s (BCP) reported interest in acquiring Esso (Thailand) for 30 billion baht, saying the deal would enable BCP to cut operating costs and expand the business.
There were media reports that BCP, the SET-listed oil refiner and retailer, wants to acquire 65% of Esso (Thailand), a unit of US-based ExxonMobil, for 12-14 baht per share.
Including the cost of the tender offer process, BCP is likely to spend up to 48 billion baht for the deal.
“We believe BCP does not need to increase its registered…
