Thai Siam Commercial halts $3b insurance unit sale as talks fail

Thai Siam Commercial halts $3b insurance unit sale as talks fail

REUTERS/Athit Perawongmetha

Thailand’s Siam Commercial Bank has halted the sale of its insurance unit, expected to fetch $3 billion, as talks with potential bidder Hong Kong insurer FWD Group failed on valuation disagreements, three people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter