Merger details emerge

Published by
The Bangkok Post

Merger details emerge CP, Telenor to each hold 33.1% stakes The new company that will be formed through the merger of True Corporation Plc and Total Access Communication (DTAC) Plc will have a 33.1% stake equally held by Charoen Pokphand (CP) Group and Norway’s Telenor, according to an analyst with knowledge of the deal. A 10.1% stake will be held by China Mobile and the rest by individual shareholders. CP and Telenor are the parent firms of True and DTAC, respectively. CP and Telenor announced on Monday they would enter into an equal partnership to explore ways to establish a new tech company…

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