Taking the British path to privatizing PAT

Brooker group analyst explains the government''s new approach to privatizing the Port Authority of Thailand.

The Director General of the Port Authority of Thailand PAT, Mr Mana Patram, recently announced a new formula that aims to overcome strong opposition from the PAT labour union to the whole privatization process. This new plan calls for the port authority to be privatized as PAT Corporation Public Company Limited PATC.

Previously, the preferred privatization formula involved setting up a holding company that would own shares in separate companies that were to have run the ports of...

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