PTT looks to expand retail operations  

PTT Plc, Thailands largest oil conglomerate, is looking into the possibility of buying out Carrefour (Thailand) to further expand its retail operations, the Bangkok Post reports. The report said PTT CEO and President Prasert Bunsumpun had ordered such a study after several companies had approached PTT about a joint buyout of the giant foreign retailer’s Thailand subsidiary. 7-Eleven is its business partner in operating retail outlets at PTT fuel pumps. (August 20, 2010)