Thailand govt lowers equity ownership in Thai Airways to 47.86%

25 May, 2020

Thai Airways announced (25-May-2020) Thailand's Ministry of Finance lowered its equity ownership in the carrier from 51.03% to 47.86% as part of Thai's restructuring process. The Ministry sold 69.2 million shares to a mutual fund run by Krung Thai Bank for an undisclosed price (Reuters, 24-May-2020). [more - original PR]