Will ACL Bank succeed in finding a strategic investment partner?

Following the news of its two biggest shareholders slashing their stakes, ACL Bank may seek a strategic investor in Thailand or overseas, local media reported, citing Vice Chairman Charnchai Musignisakorn.

Thailand's finance ministry will pare its stake in ACL to 30 percent, while Bangkok Bank is compelled to put its stake up for sale by the end of 2007 to comply with central bank rules.

ACL will probably find another investor to acquire a major stake, Charnchai was cited as saying. ACL Bank, which is formerly known as Asia Credit, was given the license to practice banking in Thailand in 2004.

Given the promising outcome got GE Capital’s investment with Bank of Ayudhya, do you think ACL will be equally successful in attracting a partner? Or will the unstable political state of affairs hold them back?