Thai Increasing Equity In Nok Air, Aiming For Management Control

Thai Airways International is upping its stake in Nok Air, but may fall short of gaining control. A Thai spokeswoman says, “Thai’s executive management board has agreed to buy Krung Thai Bank’s 10% stake [in Nok] at approximately 33 baht ($1.06) per share. However, this still has to be approved by...

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