Thai Tap Water buys PTW ahead of IPO
- From: Vol 8, Issue 7 (July 2007)
- Category: General
- Region: Asia
- Country:
- Related Companies: Ch. Karnchang, Mitsui & Co., Pathum Thani Water and Thai Tap Water Supply Co
Thai Tap Water’s acquisition of Pathum Thani Water will pave the way for a share listing later this year.
Thai Tap Water has expanded its water business, acquiring 98% of Pathun Thani Water Co., Ltd. in a deal worth just over four billion baht ($123 million). The majority of PTW’s shareholders signed a sale agreement on 25 June, netting them THB340 ($10.46) per share.
Thai Tap supplies the Provincial Waterworks Authority (PWA) with 320,000m3/d ...
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