Finance / Thailand
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Thailand's Exxon Mobil Unit Plans IPO
April 2008 | IPO News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Exxon Mobil is planning an initial public offering for its Thailand unit Esso. Exxon plans to sell close to a 23% stake in Esso or 773.33mn shares on Thailand's stock exchange, the SETI. The Finance Ministry, which has a holding of 12.5%, plans to sell 326.25mn shares. The shares will be priced between THB9 and THB13 and the subscription process will begin on April 21. Exxon hopes to raise as much as BHT14.3bn (US$454mn) in the