Kasikornbank Pcl, Thailand’s second-biggest lender, is considering options for its asset management business including a sale amid interest from other industry players, according to people familiar with the matter.
KBank, as the Bangkok-based lender is known, is working with a financial adviser on a strategic review of Kasikorn Asset Management Co, the people said, asking not to be identified because the matter is private. They said the bank is seeking a valuation of as much as US$2 billion in a potential transaction.
Options include selling a majority or a minority stake of the business, the people said. KBank is seeking a strategic…
