AIG sells subsidiaries in Thailand
Thai bank Bank of Ayudhya Public Company (BAY) HAS said it will acquire AIG subsidiaries AIG Retail Bank Public Company Limited and AIG Card (Thailand) Company Limited.
Under the terms of the agreement, BAY will acquire 99.5% of the shares of AIG Retail Bank and 100 percent of AIG Card (Thailand) for a total consideration of Baht 2.055bn or $58.7m (subject to closing
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