The Asian arm of US buyout group TPG Capital could make a loss on struggling lender BankThai after the bank received a takeover proposal from Malaysian rival CIMB Group.

CIMB agreed on June 20 to acquire 42% of the Thai bank from Thai central bank unit The Financial Institutions Development Fund for 5.9bn baht (â¬114m).

Thai banking buyout could mean loss for TPG

Oliver Smiddy

CIMB Group

BankThai

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