Krung Thai Bank begins pre-marketing

Merrill Lynch launches pre-marketing for a roughly $500 million government divestment.

Pre-marketing begins today (Wednesday) for a three billion share offering in Krung Thai Bank, representing 27% of the lender's issued share capital. However, while the government has been clear about its strategic goal, the lead is said to be taking a very cautious and pragmatic approach and intends to keep most of the deal's details including its launch schedule as fluid as possible.

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