KDB eyes Siam City Bank
Korea Development Bank (KDB), South Korea's state-owned bank and private equity investor, has emerged as one of the potential bidders for Siam City Bank, the seventh largest bank in Thailand, which is 47.6% owned by the Thai government.
The lender was nationalized in February 1998 after it missed a series of deadlines to meet capital standards. Local sources said that the CEO of KDB, Euoo Sung Min, is in Thailand to discuss acquisition...
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