Thailand: Siam Commercial in exclusive talks with FWD to sell insurance arm for $3b

Thailand: Siam Commercial in exclusive talks with FWD to sell insurance arm for $3b

REUTERS/Athit Perawongmetha

Siam Commercial Bank (SCB) has entered into exclusive talks with Hong Kong insurer FWD Group to sell its life insurance arm, which could raise $3 billion for Thailand’s third-biggest lender, people with direct knowledge of the matter said.

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