A PTT station on Vibhavadi Rangsit Road. PTTOR will be PTT’s sixth core business listed on the SET. (Bangkok Post file photo)
The Finance Ministry does not have any plans to divest from PTT Oil and Retail Business (OR), citing the impressive capital gains in the newly SET-listed firm, says Pantip Sripimol, director-general of the State Enterprise Policy Office (Sepo).
The ministry exercised its right as a shareholder of national oil and gas conglomerate PTT Plc to buy shares in the OR initial public offering, with funding available from share sales in another firm worth about 3 billion baht. She said the decision was both lucky and fortunate.
According to the Stock Exchange of Thailand, the ministry now holds 153.34 million shares in OR, representing 1.28% of the total, with PTT holding a majority stake…
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