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Chinese bank in pole position for ACL stake

ThaiVest Editorial TeamOctober 5, 2009ACLACL BankIndustrial and Commercial Bank of ChinaM&AMergers & Acquisitions

Thailand will consider a tender offer by the Industrial and Commercial Bank of China, the world’s largest by value, to buy a controlling stake in ACL Bank at Bt11.50 a share if there is “no better” proposal. “The proposed price and the potential buyer are satisfactory,” Finance Minister Korn Chatikavanij told reporters via a video conference from Istanbul yesterday. “If there is no better proposal, we’re ready and satisfied to sell ACL’s stake at the same price as the market.” (The Nation)

Tags:ACLACL BankIndustrial and Commercial Bank of ChinaM&AMergers & Acquisitions
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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