August 9, 2019 / 4:33 AM / a month ago

Thai TMB Bank says to merge with Thanachart Bank

BANGKOK, Aug 9 (Reuters) - Thailand’s TMB Bank Pcl (TMB) said on Friday it would merge with Thanachart Bank (TBANK) after reaching a share sale and purchase agreement with Thanachart’s shareholders.

TMB said the agreement with Thanachart Capital Pcl and Canada’s Bank of Nova Scotia would create Thailand’s sixth largest lender. ($1 = 30.7300 baht) (Reporting by Chayut Setboonsarng; editing by Darren Schuettler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below