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.
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
Sources
- coinspeaker.com /kasikornbank-stake-satang-crypto/