King Power buys stake in Thai Air Asia

May 20, 2020

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Thai duty free giant King Power, owned by billionaire Vichai Srivaddhanaprabha, has bought a US$ 225 million stake in Thai Air Asia, representing 39 percent of the company. It is now the second largest shareholder.

King Power CEO Aiyawatt Srivaddhanaprabha yesterday said the purchase represents new business opportunities, according to an article on The Straits Times website.

King Power also owns British football team Leicester City, which won the Premier League in 2016 for the first time in its 132-year history.

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King Power CEO Aiyawatt Srivaddhanaprabha Aiyawatt Srivaddhanaprabha king power King Power Thailand

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