BANGKOK -- Siam Commercial Bank, Thailand's largest lender by assets, has agreed to sell its life insurance business to a Hong Kong-based FWD Group Financial Services after nearly four months of negotiations.
Business deals
Hong Kong group FWD buys Thai bank Siam's insurance business
Battle for Southeast Asia life insurance market intensifies with $3bn deal
A Siam Commercial Bank branch in Bangkok: The Thai lender's network offers Hong Kong-based FWD Group a base to expand its insurance business. © Reuters
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