TAKES PART IN VENTURE RUNNING HYPER-MARKET

The Bangchak Petroleum Plc (BCP) reached the agreement to jointly invest in "Hyper-market business" with Samu-Auchan S.A. Co., from France, and S&P Co. Group--Tantrapan the operator of Auchan Chiang Mai Co., Ltd. The new venture under the trandmark "Auchan Hyper-market" would become the distributor of comsumer goods at Chiang Mai province with preliminary investments at Bt1.340 billion. At present, the complex on 12,000-square- metre area is being constructed expected to start the operation by the end of this year(1997). For the holding proportion BCP is holding 10% stake in Auchan Chiang Mai Co., Ltd., S&P Co. Group holding 30%, Samu- Auchang S.A. 49% and others holding 11% Comment : Please verify details from Public SIMS Translated by The Nation