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Thai TMB Bank says to merge with Thanachart Bank

Published 2019-08-09, 12:33 a/m
© Reuters.  Thai TMB Bank says to merge with Thanachart Bank

BANGKOK, Aug 9 (Reuters) - Thailand's TMB Bank Pcl (TMB) TMB.BK said on Friday it would merge with Thanachart Bank (TBANK) after reaching a share sale and purchase agreement with Thanachart's shareholders.

TMB said the agreement with Thanachart Capital Pcl TCAP.BK and Canada's Bank of Nova Scotia BNS.TO would create Thailand's sixth largest lender. ($1 = 30.7300 baht)

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