Thai government sells part of Krung Thai Bank
BANGKOK: The Thai government has sold almost a quarter of the country’s largest state-run bank, Krung Thai Bank, kicking off a share sale that will raise up to US$740mil. Bank officials said yesterday 2.85 billion shares had been sold to institutional investors, with up to 600 million more on offer as the government reduces its stake in Krung Thai to 63% from 92%.
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