Siamgas unit to acquire Chevron Ocean Gas for $51 mln
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Abban [2011-05-20]
BANGKOK, Sept 30 - Thailand's Siamgas and Petrochemicals PCL SGP.BK said on Wednesday its subsidiary would buy a 99 percent stake in Chevron Ocean Gas & Energy Ltd from Chevron China Ltd for $51 million.
The acquisition of Chevron Ocean Gas, which operates liquefied petroleum gas (LPG) berths, would help increase sales and expand its LPG business overseas, Simgas said in a statement.