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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