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Merger May Be In Works for Siam City and Singapore's Radanasin Bank.

Bangkok Post (Bangkok, Thailand)

| February 06, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Feb. 6--Singapore's United Overseas Bank, the parent of UOB Radanasin Bank, is looking for a possible merger with another local bank, according to Finance Minister Suchart Jaovisidha.

Mr Suchart said UOB senior executives had expressed interest in a merger, although he declined to offer details.

"But if a deal does go through, it will prove to be the second for the year," he said. Mr Suchart met UOB executives earlier this week during a roadshow to Singapore to brief investors there on the implications of the country's new financial master plan.

DBS Thai Danu, a subsidiary of Singapore's DBS Bank, announced last month that it would merge with ...

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