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Aug. 2--State-owned Internet Thailand, the country's largest Internet service provider, yesterday appointed a consortium led by PricewaterhouseCoopers to study its par value and share price before its initial public offering in November.
PricewaterhouseCoopers Financial Advisory Services is joined in the group by the Industrial Finance Corporation of Thailand, Allen & Overy (Thailand) and ABN Amro Asia Securities. ABN Amro was also appointed as the lead underwriter.
"Our IPO will mark a milestone for the government's privatisation scheme. As a good and healthy state enterprise, we want Thai people to own our firm and share the wealth," said Internet Thailand president Trin Tantsetthi.
The financial advisory consortium is working on due diligence, scheduled to be completed by the end of ...