ANZ in talks to take Thai Military Bank stake
(Thailand) - Australia's ANZ Banking Group has confirmed it is talks to take up to a 20 percent stake in Thailand's sixth largest bank, Thai Military Bank (TMB).
TMB is 50 percent owned by the Thai Government, and 13 percent by the Thai Armed forces after a share sale recapitalisation in early 2000.
Thai analysts have described TMB as an unlikely target for the ANZ, arguing that the Australian bank would have little management influence with a stake of only 20 percent.
Thai analysts have described TMB as an unlikely target for the ANZ, arguing that the Australian bank would have little management influence with a stake of only 20 percent.
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