Thai tycoons top dealmakers | Bangkok Post: business

Business > News

Thai tycoons top dealmakers

- +

Charoen Pokhpand Group Co's US$9.4 billion purchase of a stake in China's Ping An Insurance Co puts Thai companies and their billionaire owners among the ranks of Asia's biggest overseas acquirers. 

The record $25 billion of Thai purchases abroad announced so far in 2012 is more than in the previous 12 years combined and behind only Japan and China in the Asia-Pacific region, data compiled by Bloomberg show.

Thai companies, recovering from last year’s floods, are starting to deploy the cash they have built up since the country became a flashpoint for Asia's financial crisis 15 years ago. With billionaire Charoen Sirivadhanabhakdi attempting a $11.4 billion takeover of Singapore's Fraser & Neave (FNH) Ltd, Thai acquirers are now involved in two of the four largest cross- border deals by Asian companies this year.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments