10-Jun-2011 11:10 AM

Thailand's Finance Ministry to trim Thai Airways stake

Thailand's Finance Ministry intends to dilute its holdings in Thai Airways International to 49.99% from 51.03% (Bangkok Post, 10-Jun-2011). THAI president Piyasvasti Amranand said the ministry would sell a stake of 0.04% to the Crown Property Bureau. Acting head of the THAI labour union, Jamsri Sukchotirat said the union remained opposing to turning the carrier from a state enterprise to a private company. The finance permanent secretary, Areepong Bhoocha-oom, said the ministry had not yet finalised the amount of THAI shares to be sold, adding the new government would have to approve the sale.