PT Chemicals prices record Thai block
Bankers priced the largest ever equity block trade from Thailand on Tuesday, as selling shareholders capitalised on rebounding local markets. The deal, which involved a 15% stake in PT Chemicals, was also the largest block trade from southeast Asia this year.
Siam Cement, the second largest shareholder in PT Chemicals, sold almost its entire stake in the company in a Bt34bn ($1.1bn) share sale. Siam Cement retains a 5% stake in the company.
The deal was initially sized at about Bt29bn but the bookbuilders were able to exercise an upsize
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.