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Hong Kong's FWD in exclusive talks to acquire Siam Commercial Bank's life insurance arm

( April 20, 2017, 06:50 GMT | Insight) -- Siam Commercial Bank and Hong Kong insurer FWD Group are in exclusive talks on the sale of SCB's life insurance business, which could raise as much as $3 billion for Thailand's third-largest bank, the Bangkok Post reports. Thailand's Siam Commercial Bank and Hong Kong insurer FWD Group are in exclusive talks on the sale of SCB's life insurance business, which could raise as much as $3 billion for Thailand's third-largest bank, the Bangkok Post reports. The deal would be the largest insurance M&A in Southeast Asia, and second largest in Asia following the 2016 $3.2 billion merger of two insurance companies in India. It would help FWD expand its wholly-owned insurance business in Thailand, which had assets totaling some $2.2 billion as of the end 2015. A decision on the potential deal is expected by the end of May.  ...

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