Thai Airways announces details of public offering

Thai Airways announced details of its planned public offering, which will include new shares for the Thai Government, as well as retail and existing investors (Reuters/The Nation, 17-Aug-2010). The sale will not be offered through a rights issue as originally planned. The offering ratio is to be announced on the same day as it announces the offering price, to be determined by bookbuilding method. The Finance Ministry plans to purchase USD236 million (THB7.5 billion) of the new shares to maintain its 51% majority stake in the airline.