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TAMC prepares to sell some property sector debtors to the Cerebus fund - Krungthep Turakij 31/1/02.

Asia Africa Intelligence Wire

| February 01, 2002 | COPYRIGHT 2002 Financial Times Ltd. 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

The government's joint venture Matching Fund might buy some property projects from Thai Asset Management Corp (TAMC), a report in Krungthep Turakij said. The managing director of TAMC said that TAMC had begun preliminary negotiations with the managers of the Matching Fund (a $500 investment fund created by the government and Cerebus of the US) about having the fund buy some property projects held by TAMC. The fund is interested in buying projects with good development potential worth at least 200 million baht. TAMC is in the process of ...

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