Monday, August 19, 2019

AAV MOVE FOR NOK AIR SHARES UNDER WATCH 

Feb 28. 2019
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By The Nation

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The Office of Trade Competition Commission (OTCC) is keeping a close watch on Asia Aviation Plc (AAV)'s planned acquisition of Nok Air Plc's shares from the Chulangkul family in a deal that would have led to a monopoly.

If AAV, which owns Thai AirAsia, succeeded in acquiring Nok Air's shares, the deal will be regarded as a merger under the trade competition laws, with two cases in consideration, the commission said.

 

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