Legal DealFolio - The Bank of Tokyo Mitsubishi UFJ offer for The Bank of Ayudhya

Allen & Overy is advising The Bank of Tokyo Mitsubishi UFJ, Ltd on its voluntary tender offer for The Bank of Ayudhya Public Company Limited (Krungsri), a major commercial bank listed on the Thai Stock Exchange. The deal is valued at up to USD5.75 billion, which will make it the largest acquisition in Asia to date by a Japanese bank. The deal, which is subject to regulatory approvals, corporate approvals and fulfillment of certain conditions, will see BTMU launch a VTO for Krungsri, with the aim of acquiring a majority stake in the bank. BTMU has agreed with GE Capital International Holdings Corporation (GE) that they will tender their stake of approximately 25.33% in the VTO. Partners Suparerk Auychai (Bangkok) and Simon Black (Tokyo) and Senior Associate Alun Evans (Singapore) led the team with support from lawyers Noparat Kaewsringarm, David Norman, Arthit Hemara, Vorasaree Wangwittaya, Nonnabhat Paiboon, Pannalin Jantadee, Purita Thanachoksopon and Chris Burkett.

Deal Date:	04-07-2013	Practice Area:	Corporate and M&A
Deal Title:	The Bank of Tokyo Mitsubishi UFJ offer for The Bank of Ayudhya	Industry:	Banks
Description:	Allen & Overy is advising The Bank of Tokyo Mitsubishi UFJ, Ltd on its voluntary tender offer for The Bank of Ayudhya Public Company Limited (Krungsri), a major commercial bank listed on the Thai Stock Exchange. The deal is valued at up to USD5.75 billion, which will make it the largest acquisition in Asia to date by a Japanese bank. The deal, which is subject to regulatory approvals, corporate approvals and fulfillment of certain conditions, will see BTMU launch a VTO for Krungsri, with the aim of acquiring a majority stake in the bank. BTMU has agreed with GE Capital International Holdings Corporation (GE) that they will tender their stake of approximately 25.33% in the VTO. Partners Suparerk Auychai (Bangkok) and Simon Black (Tokyo) and Senior Associate Alun Evans (Singapore) led the team with support from lawyers Noparat Kaewsringarm, David Norman, Arthit Hemara, Vorasaree Wangwittaya, Nonnabhat Paiboon, Pannalin Jantadee, Purita Thanachoksopon and Chris Burkett.
Financial Center:	Tokyo	Value:	5000.01-10000.00
Advised Party:	Acquiror	Law Firm	Allen & Overy
Target Company Jurisdiction:	Thailand	Acquiror Jurisdiction:	Japan
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Simon Black

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers