ICBC acquisition of ACL Bank in Thailand
Background:ICBC had been looking to acquire ACL since 2007, but the deal remained grounded due to structural and valuation issues, and difficulties of obtaining government approvals…
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Thai Prime Minister / ICBC
2009–2010
During 2009-2010, we advised the Thai Prime Minister on the sale of ACL Bank to the Industrial and Commercial Bank of China (ICBC), with a total consideration of USD 550 million. Highly political and extremely complex, the deal was the largest M&A deal from China into Thailand to date.
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