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Siam Commercial in exclusive talks with FWD for US$3b insurance deal: sources

Thu, Apr 20, 2017 - 5:50 AM

Hong Kong

SIAM Commercial Bank (SCB) has entered into exclusive talks with Hong Kong insurer FWD Group to sell its life insurance arm, which could raise US$3 billion for Thailand's third-biggest lender, people with direct knowledge of the matter said.

A successful deal would rank...

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