Siam Cement, PTT Global Forge $5.5 Billion Petrochemical Deal

Siam Cement Pcl and PTT Global Chemical Pcl agreed to combine their Thai olefins and polyolefins businesses in a transaction valued at 187 billion baht, or $5.5 billion. The two companies are combining operations as the petrochemical sector faces an extended downturn. No timeline for closing the transaction was provided in the announcement.

• Bloomberg — Siam Cement, PTT Global Forge $5.5 Billion Petrochemical Deal

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