Reuters: Mergers News: Thai PTT not keen to bid for Peabody's Australia coal asset

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Thai PTT not keen to bid for Peabody's Australia coal asset May 30th 2012, 10:04 BANGKOK | Wed May 30, 2012 6:04am EDT BANGKOK May 30 (Reuters) - Thailand's top energy firm, PTT Pcl has decided to drop a plan to bid for Peabody Energy Corp's Wilkie Creek coal mine in Australia, a senior PTT executive said on Wednesday. "After studying the information, we are not interested in that because we think it does not suit us," Chitrapongse Kwangsukstith, chairman of PTT International Co Ltd, told Reuters. State-controlled PTT had studied the possibility of buying the asset for some period, but there were several factors that made PTT drop the proposal, Chitrapongse said, without giving details. Wholly-owned unit PTT International is PTT's arm for overseas investments.

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