PTT Pcl, a prominent Thai oil and gas company, has chosen UBS Group AG and Bualuang Securities Pcl, a subsidiary of Bangkok Bank Pcl, as financial advisers to conduct a comprehensive review of its downstream businesses. The objective of this initiative is to improve operational efficiency and enhance the valuation of these assets.
It is reported that PTT is considering various strategic options, such as merging specific business units or seeking an equity partner to inject capital. The discussions are said to be in the early stages, and specific details are being kept confidential as the company evaluates its potential paths forward.