PTT offers $960 mln to buy out Sakari to increase coal assets

Thailand's top energy company, has offered to buy out Singapore-listed Sakari Resources Ltd for $960 million as the oil and gas firm expands into coal to meet rising regional demand for the fuel... On Aug. 13, Sakari announced a joint venture with the Royal Group of Cambodia to explore coal opportunities in Cambodia, its first move outside Indonesia and into one of Southeast Asia's new mining frontiers. ...

http://www.reuters.com/article/2012/08/27/sakari-ptt-idUSL3E8JR02420120827