Eksupsiri Company Limited reached a conditional agreement to acquire 60.86% stake in The Siam Commercial Samaggi Insurance Public Company Limited from The Siam Commercial Bank Public Company Limited for THB 3.7 billion.
Citigroup acted as the financial advisor for Eksupsiri Company Limited. The Siam Commercial Bank Public Company Limited and Barclays acted as the financial advisor for The Siam Commercial Bank Public Company Limited. Baker & McKenzie Ltd. and Jake Robson of Morrison & Foerster acted as legal advisor for Eksupsiri Company Limited. Weerawong Chittmittrapap of Weerawong, Chinnavat & Peangpanor acted as legal advisor for Siam Commercial.