Merrill Lynch bets on market

Article Abstract:

Merrill Lynch & Co. announced it will purchase the majority control of Phatra Securities Co., a Thai brokerage firm, for up to $68 million. Merrill Lynch is taking advantage of Thailand's new open policy to foreign firms. Thailand has been closed to foreign firms before but because of financial problems in 1997, the country allowed foreign firms to purchase and enter the market. According to Merrill Lynch Chairman and Chief Executive Officer David H. Komansky, the purchase of Phatra's 51% controlling stake emphasizes Merrill's continuing commitment to the Asian-Pacific region and the optimism over the long-term growth and development of Thailand's economy and securities markets.

Comment:

Will purchase the majority control of Phatra Securities Co., a Thai brokerage firm, for up to $68 million

Securities Dealers, Investment Banking and Securities Dealing, Acquisitions & mergers, Malaysia, Merrill Lynch & Company Inc., Article

---

Swiss Holderbank buys key stake in Siam City Cement

Article Abstract:

Holderbank Financiere Glaris Ltd of Switzerland buys a 24.99% share in Thailand's Siam City Cement PCL. The largest Swiss cement maker is momentarily placing itself as a minority shareholder of Thailand's second largest cement maker. In due time, the Swiss firm expects to increase its 37.5 million shares to match the controlling shares of the Ratanarak family. The Ratanaraks are the major shareholders of Siam City Cement.

Cement, hydraulic, Cement, Cement Manufacturing, Investments, Securities, Cement industry, Holderbank Financiere Glaris Ltd., Siam City Cement Company Ltd.

---

Similar abstracts:

• Abstracts: Swiss Holderbank buys key stake in Siam City Cement. Total Access revises debt. Thailand aims to let foreigners own approved properties
• Abstracts: Hoderbank buys Siam City stake. Atlas Copco prevails in bid to acquire Rental Service. Siam Cement's net increases on sales, petrochemical prices

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.