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Financials

Thailand's Bank of Ayudhya to acquire SHB Finance in Vietnam

BANGKOK, Aug 25 (Reuters) - Thailand’s Bank of Ayudhya Pcl said on Wednesday that it will acquire SHB Finance in Vietnam from Saigon-Hanoi Commercial Joint Stock Bank for 5.1 billion baht ($155.77 million).

“We are very pleased to announce that we have signed agreements with SHB to acquire a 100% stake in SHB Finance, SHB’s consumer finance subsidiary,” Bannk of Ayudhya President Seiichiro Akita said in a statement. ($1 = 32.7400 baht) (Reporting by Chayut Setboonsarng; Editing by Alex Richardson)

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