Thai Airways International appears to be moving ahead with plans to expand its fleet and, at the same time, is upping its take-over bid for Nok Air. It is trying to buy Krung Thai Bank’s 10% stake after which will own 49% of Nok. Thai has increased its bid to 32-33 baht per share from 13 baht, says Thai VP investor relations Raj Tanta-nanta, adding “we have to now pay a premium because Nok has since become profitable.” Krung Thai has said in the past it wants 44 baht a share. Krung ...
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