Ministry will remain largest shareholder, at around 40% after airline’s capital restructuring
PUBLISHED : 10 Dec 2024 at 20: 55
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(Bangkok Post File Photo)
The Ministry of Finance is allocating 20 billion baht to purchase additional shares in Thai Airways International on Dec 12, raising its stake in the national carrier to 40% from 30%.
The purchase will allow the ministry to retain its position as the major shareholder of the flag carrier, said Tibordee Wattanakul, director-general of the State Enterprise Policy Office (Sepo).
However, the move will not restore the company to its previous status as a state enterprise, which would require total state holdings exceeding 50%.
After its capital restructuring, THAI will achieve a positive equity position, fulfilling the conditions required to exit busines
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