Straits closes major deal with PTT

INDONESIAN coal producer Straits Resources has clinched a deal to sell a 60% stake of subsidiary Straits Bulk & Industrial to Asian energy major PTT Group for up to $US335 million.

Straits closes major deal with PTT Straits closes major deal with PTT Straits closes major deal with PTT Straits closes major deal with PTT Straits closes major deal with PTT

Having gone into a trading halt yesterday, an official signing ceremony will be held today in Singapore to recognise a strategic co-investment alliance between the two companies.

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