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MRTA to buy back subway.
Byline: Charoen Kittikanya
May 5--The Mass Rapid Transit Authority of Thailand (MRTA) is poised to buy back a majority of shares in Bangkok Metro Plc (BMCL), the subway concessionaire, intent on completing the transaction ahead of the initial public offering of BMCL which is slated to take place in the third quarter of this year.
"MRTA has already by concession the right to buy 25 percent of BMCL shares at one baht par value, but we (MRTA) prefer to taking up to a 49 percent stake in the company so that we can have management control," said MRTA governor Prapat Chongsanguan.
According to Mr Prapat, the MRTA has already informed the Transport ...
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