A woman uses an ATM of KBank at a shopping mall in Bangkok. (File photo: Somchai Poomlard)
Kasikornbank (KBank) Public Company Limited, Thailand’s second-biggest lender, has halted plans to sell a stake in its asset management business, according to people familiar with the matter.
Talks between Bangkok-based KBank and several bidders have stalled over terms of a potential deal, the people said, asking not to be identified because the discussions are private. France’s Amundi SA and buyout firms CVC Capital Partners and TPG Inc. were among suitors, Bloomberg News previously reported.
KBank has been weighing options including a minority or majority stake sale since last year to bolster its asset management platform. It was…
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
