Ayudhya to buy GE Capital finance units in Thailand

Thu Jul 9, 2009 10:27pm EDT
 
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BANGKOK, July 10 (Reuters) - Thailand's Bank of Ayudhya BAY.BK, 33 percent owned by a unit of General Electric (GE.N), said on Friday it would purchase financial businesses in Thailand from GE Capital worth a total 13.7 billion baht ($400 million).

The businesses included personal loan and credit card businesses, the Thai bank told the Stock Exchange of Thailand. ($1=34.06 Baht) (Reporting by Arada Therdthammakun; Editing by Alan Raybould)

 

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