Sombath Phanichewa, Ademas, Annop Limpraset, Walaiporn Somphakdee and Paway Chuengsappaisan to acquire a 29.5% stake in Don Muang Tollway from Metro Pacific for $149m.

Sombath Phanichewa, Ademas, and three Thai individuals Annop Limpraset, Walaiporn Somphakdee and Paway Chuengsappaisan to acquire a 29.5% stake in Don Muang Tollway, a toll road, from Metro Pacific, a toll road developer and operator, for $149m. “MPTC has decided to take advantage of the increased interest from third parties to acquire MPTC’s entire shareholdings in DMT. The transaction will allow MPTC to realize a gain on its investment in DMT and benefit from the increased liquidity. The proceeds from the sale will be used to fund MPTC’s other projects,” MPIC.