Deal Announcements

  • Weerawong C&P represented PTT Oil and Retail Business in the acquisition and joint operation of petroleum terminals and service stations with the Kanbawza Group in Myanmar
     
  • Weerawong, Chinnavat & Partners Ltd. (Weerawong C&P) represented PTT Oil and Retail Business Public Company Limited (PTTOR), an affiliate of PTT Public Company Limited, a state-owned, SET-listed oil and gas company and one of the largest corporations in Thailand, in the acquisition and joint operation of petroleum terminals and service stations with the Kanbawza Group, a major Myanmar-based conglomerate, in Myanmar.
     
    PTTOR entered into a share subscription and shareholders agreement to acquire 35% of shares in Brighter Energy Co., Ltd., an affiliate of the Kanbawza Group, for the operation of services stations in Myanmar in the amount of MMK 225 million in order to engage in a joint venture for the operation of a petroleum terminal in Kyauktan Township, Myanmar. The total project cost of the terminal was USD 186 million or the amount equivalent to MMK 279 billion.
     
    PTTOR also entered into a joint venture with Brighter Energy Retail Co., Ltd., an affiliate of the Kanbawza Group, to set up a new joint venture company to operate petrol service stations under the PTT station brand, establish and operate cafes under the Café Amazon brand and retail, wholesale and commercially market oil, gasoil, LPG and other petroleum products in Myanmar.
     
    The Weerawong C&P team led by Panuwat Chalongkuamdee, Partner included Akeviboon Rungreungthanya, Senior Associate and Peerasak Sukpisit, Associate.
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