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Headline: Emerging markets Source: Euromoney magazine Date: January 2000 Author: Gill Baker Thailand Skytrain furore is test case Bangkok’s Skytrain mass transit system opened to the public on December 5 – a monumental structural achievement that very nearly came off the rails at the last minute amid rows over share ownership. Credit Suisse First Boston now finds itself the largest shareholder in the build-operate-transfer company Bangkok Mass Transit System Company (BTSC), and came within a hair’s breadth of ending up with majority control after a fierce battle to foreclose on the debts of a Thai borrower. |
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