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Thai savings bank establishes fund with Norwegian equity specialist.
Byline: Wichit Chantanusornsiri
Aug. 7--The Government Savings Bank has joined with the private company Aureos Capital to set up a $30-million fund to invest in local small and medium-sized businesses.
Aureos is a manager of private equity funds owned by the CDC, an investment arm of the UK government, and NorFund, a Norwegian investment fund for emerging markets.
GSB director-general Goanpot Asvinvichit said Aureos would provide $20 million for the five-year fund, with the rest coming from the state bank.
He said Aureos chose the GSB as its partner due to the bank's broad branch network and customer base.
The two parties ...
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Source: HighBeam Research, Thai savings bank establishes fund with Norwegian equity specialist.