| Kom Vachiravarakarn | Peerasanti Somritutai | Chayada Pichayakorn | Jeeranant Geevorakulnont | Kodchakorn Laungratanamas

Kudun and Partners represents Prima Marine PCL. on the acquisition of Thaioil Marine Co., Ltd. including its subsidiaries from Thai Oil PCL. with a total value of approximately THB 1.6 billion.

Kudun and Partners represented Prima Marine PCL (SET: PRM) — a full-service provider in the marine transport industry and one of the largest fully integrated business operator in oil tanker and oil and petroleum storages in Thailand — on the acquisition from Thai Oil PCL (SET: TOP) — a subsidiary of PTT Group and the largest oil refinery in Thailand — of all equity interests in Thaioil Marine Co., Ltd. (TM) and of TM’s equity interests in TM’s subsidiaries including TOP Maritime Services Co., Ltd. (TMS), with a total value of approximately THB 1.6 billion.

This acquisition will strengthen PRM’s position in the industry and ensure its “biggest player” status in the market. Moreover, key continuing relationships between TOP on one hand and TM and TMS (as subsidiaries of PRM) on the other will also strengthen PRM’s business operations.

The transaction was led by partner, Kom Vachiravarakarn and senior associate, Peerasanti Somritutai, and assisted by a team of associates; Chayada Pichayakorn, Jeeranant Geevorakulnont, Kodchakorn Laungratanamas, and Panissara Kamthornkittikul.