Inspecting BBL’s Portfolio! 5 Securities at Risk of Being Sold for the Permata Deal!

The report of Bangkok Bank Public Company Limited (BBL) taking over PT Bank Permata Tbk by purchasing a total of 89.12% stake from the Standard Chartered and Astra at a value of approximately 81 billion baht has caused rumors to go viral which later claimed to be false.

Yesterday, it was said that BBL had sold its shares in Gulf Energy Development Public Company Limited (GULF) and RS Public Company Limited (RS) to add up in the acquisition of Permata.

Later in the day, BBL’s Director Pichet Sithi-Amnuai and RS’ Investor Relation had clarified that BBL did not sell any shares after the report of acquiring Permata.

In addition, investors are speculating that BBL could sell some of its shares in the portfolio to use as a fund in the acquisition of Permata. In this regard, Kaohoon Online has listed top five securities that BBL is holding according to the data on December 18, 2019.

1) VGI Public Company Limited (VGI): 719,974,432 shares or 8.41%.

2) RS Public Company Limited (RS): 50,331,900 shares or 4.96%.

3) Indorama Ventures Public Company Limited (IVL): 270,905,264 shares or 4.83%.

4) BTS Group Holdings Public Company Limited (BTS): 545,466,733 shares or 4.34%.

5) Gulf Energy Development Public Company Limited (GULF): 47,500,000 shares or 2.23%.