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Banyan Tree to bid for rest of Laguna Resorts & Hotels

Total purchase price works out to approximately 2.28 billion baht; there are no plans to delist the Thai-listed unit

Ann Williams

Published Mon, Feb 26, 2018 · 09:50 PM

Singapore

BANYAN Tree Holdings Limited said on Monday that it intends to make an offer for the remaining shares it does not already own in its subsidiary Laguna Resorts & Hotels Public Company Limited, but has no plans to delist the Thai-listed unit.

The acquisition will be by way of a voluntary tender offer for 57.08 million shares in Laguna Resorts & Hotels at 40 Thai baht apiece by Banyan Tree and its subsidiary Banyan Tree Resorts & Spas (Thailand) Company Limited.

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