Thai utility EGAT plans 20b baht infrastructure fund IPO
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Bangkok
THE Electricity Authority of Thailand (EGAT) is planning an April initial public offering (IPO) for a 20 billion baht (S$832.9 million) infrastructure fund, the top executive of the country's largest power producer said.
EGAT will be the first state enterprise to test investor appetite in capital markets since a military coup and the outcome could lead to other state companies following suit, analysts said.
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