SGP in bid for Shell LPG assets in Vietnam, Malaysia | Bangkok Post: business

Business >

SGP in bid for Shell LPG assets in Vietnam, Malaysia

B116m to add revenue, dividends

- +

Siamgas and Petrochemicals Plc (SGP) wants to pay 116 million baht for three of Shell's liquefied petroleum gas (LPG) assets in Vietnam and Malaysia. 

SGP told the Stock Exchange of Thailand yesterday that its board has approved a plan to bid for 100% of Shell Gas (LPG) Vietnam (SGV), currently owned by Shell Gas (LPG) Holding BV, and for the latter's 79.64% holding in Shell Gas Hai Phong Ltd (SGH).

The first transaction is expected to cost US$100,000 (3 million baht), while the acquisition of SGH is valued at $300,000 (9.35 million baht).

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments