Posted on 01/14/2021
PTT Public Company Limited or simply PTT (Thai: ปตท.) is a Thai state-owned SET-listed oil and gas company. Formerly known as the Petroleum Authority of Thailand, it owns extensive submarine gas pipelines in the Gulf of Thailand, a network of LPG terminals throughout the kingdom, and it is involved in electricity generation, petrochemical products, oil and gas exploration and production, and gasoline retailing businesses. PTT price its initial public offering (IPO) of shares in retail unit PTT Oil and Retail (PTTOR) to raise up to US$ 1.8 billion. PTT will hold 75% to 77.5% of shares after the IPO.
PTTOR’s main business line is its 2,000 gas stations. The company also owns 3,000 coffee shops under the Cafe Amazon brand as well as other restaurants.
PTTOR disclosed placing agreements with 28 cornerstone investors, including SCB Asset Management, BBL Asset…
