Bangchak to pay B20.9bn for Esso system

Bangchak to pay B20.9bn for Esso system

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An Esso gas station on Bangkok’s hectic Rama IV Road. The overall worth of shares in Esso (Thailand) to be obtained by Bangchak Corporation is approximated at 20.9 billion baht, or 9.18 baht per share, according to the mostcurrent estimation launched by Bangchak’s monetary consultant Krungthai XSpring Securities. The buyout offer was formerly anticipated to be made at 8.84 baht per share, Chaiwat Kovavisarach, chief executive of Bangchak, stated earlier. He stated Bangchak intends to buy a 65.99% share in Esso (Thailand) from Esso Asia Holdings Pte and will launch a tender deal for the staying 34.01% of normal shares held by other investors of Esso assoonas the deal hasactually been finished. The asign rate of 8.84 baht per share was based on the business’s monetary performa
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