Friday, September 9, 2016

Thai bank’s $140M offer to buy Cambodian MFI on hold

9 September 2016

Eight months since announcing the biggest acquisition deal in the history of Cambodia’s financial sector, Thailand-based Bank of Ayudhya, also known as Krungsri Bank, has yet to receive approval for the landmark deal. In a statement released in January, Bank of Ayudhya announced its intention to acquire Cambodian microfinance institution (MFI) Hattha Kaksekar Ltd (HKL) – a deal valued at upwards of $140 million.

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