We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Thai Energy Co. Enters $325M Asian Coal Market Deal

Law360 (March 27, 2009, 12:00 AM EDT) -- Securing its presence in the Asian coal mining market, Thai energy company PTT PLC has finalized a $325 million deal to buy a 60 percent stake in Straits Bulk & Industrial Pty, a subsidiary of Australian thermal coal miner Straits Resources Ltd.

The transaction is expected to be completed by the end of April, when the Thai government-controlled PTT will make an an upfront payment of $220 million as well as performance payments of up to $115 million, and it is part of PTT's long-term strategy...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.