AAV MOVE FOR NOK AIR SHARES UNDER WATCH
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.
