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(Reuters) -- Thailand's top energy
firm, PTT Pcl , is keen to buy a stake in Indonesian petrochemicals maker PT
Chandra Asri as part of its foreign expansion drive, a source at the Energy
Ministry said on Friday.
"PTT group has shown interest and is studying the possibility of buying
the stake in the Indonesian petrochemical firm from Temasek," the source told
Reuters.
"This should be the starting point for PTT to expand into the
petrochemical business in Indonesia," he said, adding PTT group was not yet in
talks with the seller and had not mandated any financial adviser for the
moment.
Singapore state investor Temasek Holdings is trying to sell its 23
percent stake in the Indonesian petrochemicals maker in a deal worth USD 400
million, two sources with direct knowledge of the deal told Reuters
recently.
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