Thai Rail Co. Plans $1.5B Infrastructure Fund IPO

Law360, New York (December 13, 2012, 10:29 PM EST) -- Thai aboveground rail operator BTS Group Holdings PCL plans to raise up to $1.5 billion in an initial public offering early next year through its newly formed infrastructure fund, the Bangkok-based company said in a securities filing Tuesday.

BTS Group plans to use the proceeds from the sale to fund the expansion of its Bangkok Sky Rail system and grow its mass transit base in the Thai capital, it said. The company plans to issue the shares early next year, BTS Group said in a securities...
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