Khazanah Seeks to Bid for Bank of Ayudha
Malaysia’s Khazanah Nasional Berhad looks to purchase General Electric Co’s US$ 1.8 billion stake in Bank of Ayudhya Public Company Limited, the fifth largest lender in Thailand. General Electric’s 25.3% stake in the bank has also attracted Mitsubishi UFJ Financial Group. Khazanah Nasional isn’t nearly active in pursuing international financial sector investments compared to Singapore’s Temasek Holdings. A major insurance purchase, Khazanah Nasional and Sun Life Financial Inc bought a 98% stake in an insurance joint venture between CIMB and Aviva Plc.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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