Petro Vietnam Plans To Sell Stake For $600M

In advance of an initial public offering, Vietnam's state-owned Petro Vietnam Gas Corp. will auction a 15% to 20% stake in the company in effort to raise roughly $600 million, Reuters reported. Thailand's top energy company PTT has expressed interest in the auction. Other interested parties could include buyout shops Blackstone Group and Kohlberg Kravis Roberts, as well as oil and gas companies ConocoPhillips and India's Oil and Natural Gas Corp., Reuters reported

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