Baker McKenzie recently advised Thailand’s State Enterprise Policy Office, the Ministry of Finance, and fund managers Krungthai Asset Management and MFC Asset Management on the establishment and IPO of THB45.7 billion (US$ 1.4 billion) of investment units in Thailand Future Fund (TFFIF).
The offering of units in the new fund, which began trading on the Stock Exchange of Thailand on 31 October, is the country’s largest IPO since 2015.
Latham & Watkins represented the Expressway Authority of Thailand (EXAT), as asset owner and operator, in connection with the international purchase agreement relating to the IPO.
