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Bangkok Post
Bangkok Post
Business

Foreign suitors ponder K-Asset stake

A woman uses a Kasikornbank ATM in Bangkok. KBank is seeking a strategic partner to bolster its asset management platform and make it more competitive. (Bangkok Post File Photo)

Europe’s largest fund manager and two global buyout firms are among the shortlisted bidders for a stake in the asset management business of Kasikornbank Plc, according to people familiar with the matter.

Paris-based Amundi and the private equity firms CVC Capital Partners and TPG Inc are working with their respective financial advisers as they consider making offers, the sources said, asking not to be identified because the matter is private.

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