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New Deal


Announced

Completed

Siam Commercial Bank completed the acquisition of a majority stake in Bitkub for $537m.

Financials

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Transaction Value£392m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Thailand

digital asset exchange

Friendly

Financial Data and Systems

Single Bidder

Domestic

Completed

Acquisition

Synopsis

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Siam Commercial Bank, a provider of a full range of banking and financial services, completed the acquisition of a majority stake in Bitkub, a new generation digital asset and cryptocurrency exchange platform, for $537m. "We needed to elevate Bitkub to the global level, so we turned to a strong partner like SCB to help us achieve our target faster and more sustainably," Jirayut Srupsrisopa, Bitkub Founder and CEO.

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