NH Hotels

Thailand’s Minor International plans $2.9b takeover bid for Spain’s NH Hotels


Minor International has agreed to pay HNA, NH’s biggest shareholder, 622 million euros for a 26.5% stake in the hotel group, subject to certain conditions.

IFC may extend up to $150m in financing to Thailand’s TMB Bank

IFC will be the sole subscriber in the seven-year US dollar-denominated SME/green bonds of TMB to be issued by TMB through a private placement.

Thailand’s Krungsri Finnovate to invest $15.6m in four startups by year-end

Over $10 million of the $30-million fund has been deployed so far and the VC arm is looking to increase its fund size next year.

Today’s deep tech could be tomorrow’s fintech: Digital Ventures’ Paul Ark

The $100-million fund primarily targets investments in fintech-related areas such as blockchain, geolocation and payments, but it is also exploring ‘frontier’ technologies such as augmented reality/virtual reality that could help shape the fintech world in the years to come.

Thai Minor International acquires stake in Spain’s NH Hotels for $226m

The acquisition was funded through bank loans.

Thailand’s DemoPower buys POS Media stake from Czech PE firm Genesis Capital

Czech private equity firm Genesis Capital has exited its stake in Prague-based point-of-sale advertising and in-store communication company POS Media Group to Thailand-based DemoPower. DemoPower, which specialises in point-of-sale and brand awareness campaigns and is a member of retail marketing firm Omni Marketing Global (OMG), acquired a 47 per cent share… Read more »

Thai bank SCB doubles VC arm Digital Ventures’ fund size to $100m

The latest capital infusion makes Digital Ventures the largest VC fund in Thailand.

Thai fund AddVentures backs Baania, may invest in Builk, HG Robotics, Ralali

Baania said it had raised an undisclosed sum in a funding round from Krungsri Finnovate, state-owned oil & gas company PTT Public Company and 500 TukTuks, besides Addventures. 

Thailand to issue rules on cryptocurrency by end-June

Offerings of digital tokens will not be allowed until the regulations are announced.

Thailand’s Indorama to buy majority stake in Israel’s Avgol for $314m

Avgol produces nonwovens for hygiene applications and holds a global market share of 10%.