Thailand in Focus :: Thai Companies Have Strong Appetite For M&As
Thailand in Focus :: Thai Companies Have Strong Appetite For M&As
26/10/2015
Thailand's major companies have strong appetite for overseas mergers and acquisitions (M&A) with 175 billion baht flowing into other ASEAN countries during the 2012-2015 period.
Thailand's outbound M&As in ASEAN, home to 620 million consumers, have jumped rapidly from 0.15 per cent of gross domestic product during 2009-2011 to 1.3 per cent, or 175 billion baht, during 2012-2015 -- a level close to that of developed nations like Singapore, said Kasikornbank (KBank) in a statement.
The bank which is ready to offer services and advice in M&A transactions in both the domestic and international markets, sees bright prospects for M&As as major Thai companies pursue inorganic growth ahead of the ASEAN Economic Community (AEC) inception.
It said with M&As, businesses could strengthen their competitiveness and network efficiency, thereby adding value to their transactions and expanding to new high-growth potential markets.
According to KBank Executive Vice President, Chongrak Rattanapian, M&A deals are booming, with Thai companies acquiring businesses at home and abroad, and foreign firms buying Thai businesses. Credit and view full story at Bernama
