Exxon Thai unit to raise up to $319 mln from IPO

BANGKOK, March 31 (Reuters) - Esso (Thailand), a Thai unit of Exxon Mobil Corp (XOM.N), plans to raise up to 10.05 billion baht ($319 million) from selling a 22.86 percent stake in an initial public offering in April, the company said on Monday.

The company plans to sell 773.33 million shares in a range of 9 and 13 baht and the final IPO price would be fixed on April 24, it said in a filing to the Securities and Exchange Commission.

Esso (Thailand), 87.5 percent owned by ExxonMobil, operates a complex refinery with a capacity of 177,000 barrels per day. The Finance Ministry owns the remaining 12.5 percent. ($1 = 31.50 Baht) (Reporting by Khettiya Jittapong; Editing by David Holmes)