UPDATE 1-Thai Siam Commercial Bank to sell insurance unit to FWD for $3 bln
Thailand’s largest lender by
assets, Siam Commercial Bank Pcl (SCB), is selling its
life assurance business to Hong Kong-based insurer FWD Group for
92.7 billion baht ($3 billion), marking the largest insurance
M&A deal in Southeast Asia.
assets, Siam Commercial Bank Pcl (SCB), is selling its
life assurance business to Hong Kong-based insurer FWD Group for
92.7 billion baht ($3 billion), marking the largest insurance
M&A deal in Southeast Asia.
Posted by Reuters
