Thai turmoil casts pall over deal-making

ING’s sale of its 31% stake in TMB Bank is among the deals on hold amid the political upheaval.

Thai turmoil casts pall over deal-making

The kingdom of Thailand is no stranger to political turmoil but the recent volatility has put deal-making on pause. Thailand’s elections are scheduled for February 2 but with anti-government protestors blockading polling stations, investors are concerned that the political stalemate could drag on for months.

The protests in Bangkok have often been festive but occasionally they have also taken a deadly turn for the worse, with bomb blasts and 10 deaths to date. As a...

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