BANGKOK:Thailand's Finance Ministry said on Monday it had no plans to sell a stake it owns in the country's seventh-largest lender, TMB Bank Pcl, but it was open to offers.
"Right now we have no plan to reduce any stake that we hold," Kittirat Na Ranong told reporters. "Whatever we (the ministry) hold today, we will continue to hold it, but of course, if there's any interesting offer, we'll look into it."
According to bourse data, the Finance Ministry owns 26.11 percent in TMB with INGGroepNVholding 25.2 percent plus 5.84 percent through non-voting depository receipts.
The bailed-out Dutch financial services group has put its stake, worth roughly $775 million, up for sale as it pushes ahead with Asian divestments, sources familiar with the matter said last week.
Areepong Phucha-oom, permanent secretary at the finance ministry, said the ministry had not been contacted by ING about any sale.