BANGKOK: HSBC Holdings Plc, Standard Chartered Plc and CIMB Group
are among potential bidders for a 42% stake in unprofitable BankThai Pcl, part-owned by US buyout firm TPG Inc, five people familiar with the plan said.
TPG of Fort Worth, Texas, which owns 42% of the Thai bank with its partners, also plans to bid for the stake held by the nation’s central bank, the people said, declining to be identified before an announcement. Potential buyers were asked to submit final offers by the end of this week, they said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
