Deals
Kasikornbank Weighs Sale of $2 Billion Asset Manager Unit
- Thailand’s second-biggest bank fielding interest from buyers
- Sale would follow similar disposals from other Thai lenders
A bank teller attends to a customer at a Kasikornbank PCL branch in Bangkok.
Photographer: Nicolas Axelrod/BloombergThis article is for subscribers only.
Kasikornbank Pcl, Thailand’s second-biggest lender, is considering options for its asset management business including a sale amid interest from other industry players, according to people familiar with the matter.
KBank, as the Bangkok-based lender is known, is working with a financial adviser on a strategic review of Kasikorn Asset Management Co., the people said, asking not to be identified because the matter is private. The bank is seeking a valuation of as much as $2 billion in a potential transaction, the people said.