Krung Thai Board Approves Nok Air Stake Sale to Thai Air

Krung Thai Bank Pcl (KTB)’s board approved the sale of a stake in Nok Air to Thai Airways International Pcl (THAI), President Apisak Tantivorawong said.

Krung Thai plans to sell its 10 percent stake in the Thai carrier at 33 baht per share, he said.

To contact the reporter on this story: Suttinee Yuvejwattana in Bangkok at suttinee1@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net

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