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Amundi, JPMorgan Among Bidders for KBank’s Asset Manager

  • Other firms such as Schroders have shown initial interest
  • Sale of Kasikorn Asset Management could fetch $1.5 billion
Updated on

Europe’s largest fund manager Amundi SA and JPMorgan Chase & Co.’s asset management arm are considering bids for the asset management business of Kasikornbank Pcl, according to people familiar with the matter.

Other firms in the industry including London-based Schroders Plc have also shown initial interest in Kasikorn Asset Management Co., the people said, asking not to be identified because the matter is private. Thailand’s second-biggest lender is set to kick off a formal sale process as early as in the coming weeks, and a potential deal could value the business at about $1.5 billion, they said.