Thailand: King Power's owners acquire 39% stake in Asia Aviation for $226m

Thailand: King Power's owners acquire 39% stake in Asia Aviation for $226m

Photo: Reuters

After denying rumours earlier, the Bijileveld family, major shareholders of Asia Aviation Plc (AAV), agreed to sell their 39 per cent stake to the Srivaddhanaprabha family for 7.94 billion baht ($225.87 million), according to the announcement made by the Stock Exchange of Thailand.

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