PTT launches roadshows

As expected the Thai government has taken a realistic view of what can be achieved with the flotation of the Petroleum Authority of Thailand (PTT).

Jackie Horne

October 29, 2001

Indicative terms for the deal have been settled at the lower end of the government's original ambitions, with a Bt31 to Bt35 price range announced yesterday (Monday). At this level, the company is set to raise Bt24.8 billion to Bt28 billion pre-greenshoe ($553.2 million to $624.58 million) from an 800 million share deal.

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