Deals
SCB X Weighs Options for $1.5 Billion Asset Management Unit
- Thai firm has been in talks with advisers to evaluate deal
- A transaction could value the business at up to $1.5 billion
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SCB X Pcl is considering options including a sale of its asset management unit, people familiar with the matter said, amid growing industry consolidation in Southeast Asia’s second-largest economy.
SCB X, formerly known as Siam Commercial Bank Pcl, has been speaking with financial advisers to explore a potential transaction for SCB Asset Management Co., the people said, asking not to be identified because the matter is private. A potential deal could value the business at $1 billion to $1.5 billion, the people said.