Thanachart Capital says to work with Scotiabank on stake sale options
BANGKOK Dec 18 (Reuters) - Thailand's Thanachart Capital Pcl said on Friday it will work with Scotiabank to find a new partner if the Canadian bank decided to sell its 49 percent stake in the Southeast Asian nation's sixth-largest lender Thanachart Bank.
Scotiabank has changed its business strategy in the Asia-Pacific region, Thanachart capital said in a statement to the Stock Exchange of Thailand.
Any new shareholder must have the capacity to position the Thai bank as a first-tier financial institution, said Thanachart Capital, which owns a 51 percent stake in the bank. (Reporting by Khettiya Jittapong; Editing by Simon Webb)
© Thomson Reuters 2016 All rights reserved.