ING Reduces TTB Stake to 11.6% with 90-Day Lock-up Period

Prachachat•Economy•6d ago

Reader Briefing

ING Bank N.V. has reduced its shareholding in TMBThanachart Bank (TTB) to approximately 11.6% through big lot sales and a share buyback program in 2026.

•ING Bank N.V. reduced its TTB stake to approximately 11.6% after selling a big lot to institutional and wealth investors.
•The reduction occurred in 2026, including participation in a TTB share buyback program in June 2026.
•ING Bank N.V. is subject to a 90-day restriction on selling further TTB shares following the latest transaction.
•Investors who received shares at approximately 2.64 baht per share have no restrictions on selling them in the market.

Overview

•ING Bank N.V. has been a partner and major shareholder of TMB since before the merger between TMB and Thanachart Bank to become TTB.
•In June 2026, ING Bank N.V. participated in a TTB share buyback program, reducing its stake from 23.1% to 19.5% and receiving approximately 243 million euros.
•ING Bank N.V. recently offered a large lot of TTB shares to domestic and international institutional investors and wealth clients.
•The latest sale by ING Bank N.V. has resulted in its shareholding proportion decreasing to approximately 11.6%.
•ING Bank N.V. stated that the reduction in shareholding is part of the group's capital management and investment portfolio adjustment.
•Following the latest sale, ING Bank N.V. is prohibited from selling additional TTB shares for 90 days.
•The market is monitoring whether ING Bank N.V. will further reduce its investment or maintain the 11.6% stake after the 90-day lock-up period expires.

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Key Entities

Organization

ING Bank N.V.

A global banking group based in Europe and a major shareholder of TTB that is reducing its investment proportion.

TMBThanachart Bank Public Company Limited(ธนาคารทหารไทยธนชาต จำกัด (มหาชน))

A bank formed from the merger of TMB and Thanachart Bank, in which ING Bank N.V. holds shares.

TTB

The shortened name for TMBThanachart Bank Public Company Limited.

TMB Bank(ธนาคารทหารไทย)ℹ️

A bank that merged with Thanachart Bank to become TTB.

Thanachart Bank(ธนาคารธนชาต)ℹ️

A bank that merged with TMB to become TTB.

Place

Europe(ยุโรป)ℹ️

The region where the main business base of ING Bank N.V. is located.