Thai Tycoons Seen Ramping Up Overseas Investments Again
- Thai firms may look to buy energy, retail assets: DLA Piper
- Slowing economy, slumping stock market to drive acquisitions
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Thai companies are set to snap up more assets overseas in the coming years as cash-rich large businesses look beyond a sluggish local economy to fuel future growth, according to one of the world’s largest law firms.
Family-owned conglomerates and other listed companies are likely to increase outbound investments, particularly in energy, financial services, real estate, hospitality and retail sectors, said Waranon Vanichprapa, Thailand country managing partner at DLA Piper.