Krungsri, Mizuho fund expansion plan
Yuzo Nakada , Krungsri head of JPC/MNC Banking Group; Virgilio Rivera Jr, chairman of Manila Water (Thailand) Co Ltd, and Kazuya Nakagawa, general manager of Mizuho Bank, Manila branch, recently signed an agreement on a Bt5.3-billion loan facility for Manila Water (Thailand) Co Ltd to finance its expansion.
Manila Water, a subsidiary of the Philippine conglomerate, Ayala Corporation, successfully completed its acquisition of a significant stake in Thailand’s Eastern Water Resources Development and Management Plc (East Water) in its first foray into Thailand as part of its expansion drive in Southeast Asia.
The success of the loan agreement was a result of the collaboration between Mizuho Bank, Krungsri and MUFG Bank to support global corporate expansion and highlighted the investment potential of the Eastern Economic Corridor.
