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PTTGC acquires chemical firm Vencorex

PTTGC PTT Plc France Oil

A factory owned by Frankfurt-based Allnex Holding that PTTGC acquired last July.

PTT Global Chemical (PTTGC), a petrochemical arm of national oil and gas conglomerate PTT Plc, has bought a 9.18% stake in France-based chemical maker Vencorex Holding as it continues to acquire more assets that emphasise value-added products.

The share purchase from Perstorp Holding AB will grant PTTGC, which already owned a 90.8% stake, full ownership of Vencorex.

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