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BRIEF-TMB Bank Says Thanachart Bank & Prudential Enter Shareholders Agreement

Reuters SG

Dec 27 (Reuters) - TMB Bank PCL:

* THANACHART BANK & PRUDENTIAL ENTER SHAREHOLDERS AGREEMENT, UNDER WHICH TBANK HAS OPTION TO DIVEST REMAINDER OF ITS INTEREST IN TFUND

* IT IS CONTEMPLATED THAT SUCH DIVESTMENT WILL TAKE PLACE IN NEXT 5 YRS

* TBANK'S REMAINDER INTEREST IN TFUND IS 49.9% OF ISSUED SHARE CAPITAL OF TFUND OR THE MERGED ASSET MANAGEMENT CO

* INTENDS THAT IN 2021, THANACHART FUND MANAGEMENT & TMB ASSET MANAGEMENT WOULD BE MERGED Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)