Allen & Overy is advising The Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) on its proposed $5.75 billion acquisition of a majority stake in Bank of Ayudhya Plc., Thailand's fifth-largest bank.
BTMU plans to purchase as much as 75 percent of the available shares in Bank of Ayudhya, which includes a 25.3 percent stake presently held by GE Capital International Holdings Corp. GE has already agreed to sell its holdings to BTMU.
Thai conglomerate Ratanarak Group controls the remaining 25 percent share of Bank of Ayudhya, and has no plans to sell. Instead it will partner with BTMU to run the bank, according to a statement by BTMU.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]