A&O, Sullivan and Bakers lead on $5.75bn Bank of Tokyo bid for Thai bank shares
Allen & Overy (A&O), Sullivan & Cromwell, and Baker & McKenzie have landed lead roles on the Bank of Tokyo Mitsubishi UFJ's (BTMU's) $5.75bn (£3.8bn) bid for a majority stake in Thailand's Bank of Ayudhya (Krungsri). The deal, if approved, will see BTMU become the majority shareholder in the Thai bank, acquiring a stake held by GE Capital. The Japanese bank will partner with the Ratanarak Group, an existing group of major shareholders.
Allen & Overy (A&O), Sullivan & Cromwell, and Baker & McKenzie have landed lead roles on the Bank of Tokyo Mitsubishi UFJ’s (BTMU’s) $5.75bn (£3.8bn) bid for a majority stake in Thailand’s Bank of Ayudhya (Krungsri).
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