08-Aug-19, Bangkok Post
Dutch bank ING, Thanachart Capital (TCAP) and the Finance Ministry are expected to hold stakes of 21%, 20% and 18%, respectively, in the new bank born from the consolidation of TMB Bank and Thanachart Bank (TBank).
%20Bangkok%20Post.jpg "TMB Thanachart Banks shareholding takes shape in Thailand (c) Bangkok Post")
Image: Bangkok Post
Canada's Scotiabank will own a 5% stake in the new bank, called TMB-Thanachart Bank.
TMB Bank and TBank are reportedly due to sign a merger agreement in Aug-19. If the process stays on schedule, the consolidated bank is expected to start operations by Dec-19.