SCB wins central bank nod to lend more to CP All | Bangkok Post: business

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SCB wins central bank nod to lend more to CP All

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Siam Commercial Bank (SCB) has won Bank of Thailand approval to widen the single lending limit ratio for CP Group from 25% of SCB's capital base to 60% to accommodate CP All's acquisition of Siam Makro. 

It is the largest global merger and acquisition (M&A) activity in the retail sector this year.

SCB already lent 70-80 billion baht to CP Group, the parent company of CP All, ahead of the deal.

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