Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 19-03-2020 | Practice Area: | Corporate and M&A |
| Deal Title: | TMB Bank Public Company Sale of Thia Bancassurance Contract | Industry: | Nonlife Insurance |
| Description: |
Slaughter and May advised FWD on its agreement with TMB Bank Public Company Limited to sell its bancassurance contract to Prudential for a consideration of THB20 billion (USD630 million). The agreement was signed and announced on 19 March.
The sale followed FWD's recent acquisition of SCB Life, the largest ever life insurance transaction in Southeast Asia.
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| Financial Center: | Hong Kong | Value: | 500.01-1000.00 |
| Advised Party: | Vendor | Law Firm | Slaughter and May |
| Target Company Jurisdiction: | Thailand | Acquiror Jurisdiction: | United Kingdom |
| Classification: |
Strategic Buyer Acquisitions Asset Sales |
Lawyer | Chris McGaffin |
