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 Bank & Finance
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03 Jan 07 19:43
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GE completes $626 mln Thailand's BAY stake deal
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Vipin Wilson
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Bangkok, Jan 4 - Thailand's Bank of Ayudhya PCL (BAY.BK: Quote, Profile , Research) (BAY) said on Thursday a unit of General Electric (GE.N: Quote, Profile , Research) had completed its 22.3 billion baht ($626.4 million) purchase of a 25.4 percent stake in the bank.
Thailand's sixth largest bank told the exchange GE Capital International Holdings Corporation completed the payment for 1.39 billion shares at 16 baht each Wednesday, reports Reuters.
The deal, delayed from October due to...
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