Amata B Grimm Power sets price range for fund spin-off

Thai power producer Amata B Grimm Power Group has released the price range for its Bt6.5bn ($201m) fund spin-off IPO.

  • By Rev Hui
  • 13 Sep 2013

The 600m units for the Amata B Grimm Power Plant Infrastructure Fund are being pitched to investors at Bt10.30-Bt11.00 and a dividend yield of 7.2%-7.5% per year, although a return of 15.5% is expected in the first year because of an 8% capital reduction.

Amata B Grimm is ...

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