Skip to main content

Update on the transaction between dtac and True in Thailand

Written by Customer Service on . Posted in Public Companies.

On 22 November 2021, Telenor and CP Group announced their intention to support the amalgamation of dtac and True in Thailand. As part of the amalgamation, companies jointly owned by Telenor and CP Group planned to carry out a voluntary tender offer (VTO) for the shares in dtac and True under the tender offer regulation of the Securities and Exchange Commission of Thailand.

The announced VTO was made subject to conditions precedent. The conditions precedent to the VTO have not been satisfied within one year from 22 November 2021. In line with the tender offer regulations, the parties have declined to carry out the VTO.

Telenor believes in the benefits from the merger and continues to actively support the amalgamation of dtac and True. Telenor and CP Group continue to target an equal ownership share of around 30% of the merged company.

The parties aim to complete the transaction within the first quarter of 2023.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.