Siam Cement to Sell 15.59% Stake in PTT Chemical

Siam Cement Group (SCG; Bangkok) says it will sell 236 million shares or about 15.59% of PTT Chemical (Bangkok), at baht140/share ($4.7/share) to investors on The Stock Exchange of Thailand (Bangkok). With this sale, which is valued at about baht33 billion, SCG expects to record non-recurring net profits of about baht8.8 billion in the fourth quarter of 2010, and this will enhance SCG’s ability to pursue both regional and domestic business expansion in its core businesses, the company says. Following the sale, SCG will have about 67 million shares...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers