SCB X Plc is considering options including a sale of its asset management unit, people familiar with the matter said, amid growing industry consolidation in Southeast Asia’s second-largest economy.
SCB X, formerly known as Siam Commercial Bank Plc, has been speaking with financial advisers to explore a potential transaction for SCB Asset Management Co, the people said, asking not to be identified because the matter is private. A potential deal could value the business at US$1 billion to $1.5 billion, the people said.
