Ayudhya to buy GE Capital finance units in Thailand
Published: 09 Jul 2009 18:29:39 PSTBANGKOK, July 10 - Thailand's Bank of Ayudhya <BAY.BK>, 33 percent owned by a unit of General Electric <GE.N>, said on Friday it would purchase financial businesses in Thailand from GE Capital worth a total 13.7 billion baht ($400 million).
The businesses included personal loan and credit card businesses, the Thai bank told the Stock Exchange of Thailand. ($1=34.06 Baht)
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