Deals
Kasikornbank Halts Plans to Sell Asset Management Stake
- Talks with suitors including Amundi, TPG, CVC stall on terms
- KBank started weighing options a year ago amid bidder interest
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Kasikornbank Pcl, Thailand’s second-biggest lender, has halted plans to sell a stake in its asset management business, according to people familiar with the matter.
Talks between Bangkok-based KBank and several bidders have stalled over terms of a potential deal, the people said, asking not to be identified because the discussions are private. France’s Amundi SA and buyout firms CVC Capital Partners and TPG Inc. were among suitors, Bloomberg News previously reported.