Thai bank’s $140M offer to buy Cambodian MFI on hold
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. The acquisition, however, hinged on the approval of the National Bank of Cambodia (NBC). …
Hor Kimsay
http://www.phnompenhpost.com/business/thai-banks-140m-offer-buy-cambodian-mfi-hold
