TRI-BANK MERGER: DBS wants a bigger slice of pie, NATION

From: The Nation (Thailand) | Date: January 29, 2004| Author: | Copyright information

Somruedi Banchongduang
The Nation (Thailand)
01-29-2004
Singapore-based DBS Bank, Southeast Asia's largest, has expressed interest
in raising its stake in the institution being created by the merger of
its subsidiary DBS Thai Danu Bank (DTDB) with Thai Military Bank and the
Industrial Finance Corp of Thailand (IFCT).
"After DTDB consolidates with TMB, our stake will be diluted to 20 per
cent and it will be halved to 10 per cent after IFCT merges with both banks.
We desire to hold more than 10 per cent in the new bank," DBS Bank chief
financial officer Janette Wong said at yesterday's signing of a ...

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