Thanachart Bank eyes ING’s stake in TMB Bank

The Thai bank has been looking at the stake for a few months and is being advised by Citi.

Thanachart Bank eyes ING’s stake in TMB Bank

Thanachart Bank, the sixth largest bank in Thailand by assets, is eyeing ING’s 31% stake in TMB Bank, according to a source familiar with the matter.

The Thai bank has been looking at the stake for a few months and is being advised by Citi, which also advised it on the sale of its insurance unit to UK insurer Prudential in 2012.

Thanachart Bank is 49% owned by Canada’s Bank of...

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