Dec 18 Thailand’s Thanachart Capital Pcl said on Friday it will work with Scotiabank to find a new partner if the Canadian bank decided to sell its 49 percent stake in the Southeast Asian nation’s sixth-largest lender Thanachart Bank. Scotiabank has changed its business strategy in the Asia-Pacific region, Thanachart capital said in a statement to the Stock Exchange of Thailand. Any new shareholder must have the capacity to position the Thai bank as a first-tier financial institution, said Thanachart Capital, which owns a 51 percent stake in the bank.
Source: Reuters.comThanachart Capital says to work with Scotiabank on stake sale options
Industry: Other 2015-12-18
