Bank of Ayudhya, Thailand’s
fifth-largest commercial lender with nearly $50 billion in assets, has
officially reached an agreement to acquire the full shareholding of Cambodian’s
fourth micro lender Hattha Kaksekar Ltd (HKL). In a statement released in
January, Bank of Ayudhya, also known as Krungsri Bank, announced its intention
to acquire HKL in a deal reported to be valued at upwards of $140 million.
Source:
http://www.phnompenhpost.com/business/thai-banks-buyout-local-mfi-finalised
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