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Bangkok Post
Bangkok Post
Business

OR acquires 25% stake in Dusit Foods

OR Dusit Suphajee Suthumpun Oil
Mrs Suphajee, left, and Ms Jiraphon aim to work together to expand food business in Thailand and overseas.

PTT Oil Business and Retail (OR) has acquired a 25% share in Dusit Foods, a subsidiary of Dusit Thani Plc, to further develop lifestyle-related businesses under its inclusive growth policy.

The investment, made through OR's wholly owned Modulus Ventures Co, will pave the way for OR and Dusit Thani to jointly benefit from new business opportunities and grow in the food market together, said Jiraphon Kawswat, president and chief executive of OR.

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