Weerawong, Chinnavat & Peangpanor Ltd. (WC&P) represented Kiatnakin Bank Pcl. (Kiatnakin) on its merger with Phatra Capital Plc. (Phatra), a securities company listed on the Stock Exchange of Thailand (SET). The merged entity, Kiatkakin-Phatra Financial Group, will offer both commercial banking and capital-market products and services.

Legal aspects of the transaction included advising on: (i) acquisition of existing and newly issued shares of Phatra via a share swap and a tender offer for all securities, which on closure, gave Kiatnakin 99.928 percent of Phatra, (ii) drafting, negotiating and commenting on the share purchase and shareholders’ agreements, (iii) advising Kiatnakin on the tender process, and (iv) delisting Phatra’s shares from the SET. The deal is valued at approximately Baht 6.2 billion (US$207 million).

WC&P continues to work on the transfer of Kiatnakin Securities and Kiatnakin Fund Management to Phatra.

Peangpanor Boonklum, Executive Partner led the project team, which also included Paradorn Leosakul, Counsel, and Pathamakorn Buranasin, Senior Associate.