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.

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 result of mounting violence, Thailand last week imposed a 60-day state of emergency.

Against this backdrop mergers and acquisitions have ground to a halt, in part because potential buyers have been reluctant...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222