PTT won't bid for Tesco Lotus

PTT won't bid for Tesco Lotus

PTT president and chief executive Chansin Treenuchagron
PTT president and chief executive Chansin Treenuchagron

PTT president and chief executive Chansin Treenuchagron has denied reports that the PTT Group plans to acquire Tesco Lotus's Asian business.

He was responding to reports on Wednesday that PTT Oil and Retail Business Plc (PTTOR) would vie for the business, valued around US$9 billion.

"It was fake news... It is neither our business nor our strategy," media quoted Mr Chansin as saying on Thursday.

PTTOR is the retail unit of PTT, Thailand's biggest energy company.


Do you like the content of this article?
COMMENT (3)

Myanmar's Suu Kyi has 'no comment' on call for war against junta

Toppled Myanmar leader Aung San Suu Kyi has "no comment" on a declaration of war against the junta by a shadow government dominated by lawmakers from her party, her lawyer said Monday.

20:20

Malaysian transgender entrepreneur arrested in Thailand

A prominent Malaysian transgender entrepreneur wanted in her homeland for insulting Islam by cross-dressing has been arrested in Thailand, police said Monday, with authorities seeking her extradition.

19:51

Indonesia logs fewest daily Covid-19 cases in over a year

JAKARTA: Indonesia on Monday reported 1,932 new daily coronavirus infections, the lowest since August 2020, data from country's Covid-19 task force showed, and the government further eased restrictions in Java and on its resort island Bali.

19:39