Japanese trading house acquires 20% of Thaivivat Insurance

The transaction is expected to finish by February.

ITOCHU Corporation, a Japanese Japanese trading house, will buy about 20% of Thaivivat Insurance’s (TVI) shares, as announced in a local bourse filing.

The shares will be privately placed with GR Management (Thailand) Limited at THB 13.66 per share, amounting to a total investment of THB 1.03b.

GR Management (Thailand) Limited is a subsidiary of ITOCHU.

The investment is expected to provide additional funds and create opportunities for TVI’s business expansion whilst fostering synergies between TVI and ITOCHU.

Following the transaction, Thaivivat Holdings will remain the controlling shareholder of TVI, holding 79.15% of its enlarged issued shares. 

The transaction is anticipated to be completed by February this year.