Kasikornbank / Satang Pro 2023
Kasikornbank acquired Satang Pro for $103M on October 30, 2023.
- Target
- Satang Pro
- Acquirer
- Kasikornbank
- Deal value
- $103M
- Announced
- October 30, 2023
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- Kasikornbank announced the acquisition of Satang Pro on October 30, 2023 for $103M.
- The deal is expected to close pending customary conditions.
Strategic rationale
Thai bank enters crypto trading and digital assets through acquisition of established exchange; targets 20% market share and regulatory compliance in evolving sector.
Deal terms & multiples
Frequently asked questions
How much did Kasikornbank pay for Satang Pro?
Kasikornbank acquired Satang Pro for $103M, announced on October 30, 2023.
When did Kasikornbank announce the acquisition of Satang Pro?
Kasikornbank announced the acquisition of Satang Pro on October 30, 2023.
What sub-sector is Satang Pro in?
Satang Pro is tracked in the Crypto / Digital Assets sub-sector.
Sources
- coinspeaker.com /kasikornbank-stake-satang-crypto/