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Business deals

Thailand's Dusit hotel group teams on food with PTT gas stations, cafes

Subsidiary agrees to sell 25% stake to state oil major's retail arm

Cafe Amazon is one brand under PTT Oil and Retail Business, an arm of state energy group PTT. (Photo by Keiichiro Asahara)

BANGKOK -- Thai hotel operator Dusit International has struck a deal with the retail arm of state-owned oil and gas group PTT,  gaining access to an extensive sales network for its food business.

PTT Oil and Retail Business, Thailand's top gasoline station operator, will spend up to roughly 299.6 million baht ($8.29 million) to acquire a 25% share of Dusit Foods, a manufacturing and catering subsidiary under the hotelier.

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