Thai utility EGAT plans 20b baht infrastructure fund IPO

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.