Buyers sought for 15% of potash project | Bangkok Post: business

Italian-Thai Development Plc (ITD), the country's largest contractor, is offering for sale 15% of its delayed $800-million potash mine in Udon Thani with a plan to begin construction early next year.

The company has been approached by both Thai and foreign partners who want to take part in the 24.3-billion-baht project in which ITD owns 90%, with the rest held by the Thai government, said Chartchai Chutima, deputy chief executive of finance.

Bangkok Bank, the project's financial adviser, has been working on the sale of 15% of ITD's shares. Details are expected to be finalised this month and the deal should be completed within this year, Mr Chartchai said.