PTTEP keen on larger stake | Bangkok Post: business

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PTTEP keen on larger stake

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PTT Exploration and Production Plc (PTTEP) may buy additional shares in Mozambique's Rovuma offshore area if other shareholders want to offload their stakes. 

The company now owns 8.5% of the project through Cove Energy, which it acquired last year for US$1.9 billion.

Videocon, which owns 10%, wants to sell all its shares, while Anadarko, with 36.5% ownership, reportedly plans to give up a 10% stake.

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