BankThaiÆs consolidated book value per share as at December 31 last year was Bt3.09. At the agreed price of Bt4.17 per share, TPG Newbridge has paid a book value multiple of 1.35 times. The shares have recently traded around Bt4.30-4.40, so TPG is buying new shares at a discount of around 5% to the traded price.
BankThai will simultaneously issue other, unnamed investors shares representing 7.9%...
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