“TMB and ING have cooperated in areas where ING clients are interested in inbound M&A into Thailand or TMB clients are interested in outbound M&A,” TMB’s chief wholesale banking officer Senathip Sripaipan said. “Funding Carmeuse and GP Group’s acquisition of Golden Lime was a recent example of such a TMBING partnership. He said that midsized firms in Thailand had not been very active in the crossborder M&A market but TMB had spotted that Thai firms were becoming more interested in seeking overseas M&A deals, due to limited growth opportunities in the local marฌket. He added that for local M&A deals, TMB alone currently had five or six deals in the pipeline with an aggregate transaction value of between Bt3-4 billion. In 2017, the CLMV countries are forecast to enjoy average GDP growth of around 7 per cent, compared with the 3.5 per cent growth forecast for Thailand.

Source: The Nation Bangkok October 22, 2017 18:00 UTC