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	SCB&rsquo;s 60.86 per cent of stakes in SCSMG will be sold to Ace Group at the rate of Bt27.60 per share.</div>
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	The Nation</div>
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SCB sells its insurance firm to Ace Group

<p style="margin-bottom:11px"><span style="font-size:11pt"><span style="line-height:107%"><span style="font-family:Calibri,sans-serif"><span style="font-size:18.0pt"><span style="line-height:107%">Nongluck is a senior economic journalist covering the macroeconomics, real estate, and corporate investment strategies driving growth across Thailand and Southeast Asia</span></span><span lang="TH" style="font-size:18.0pt"><span style="line-height:107%"><span style="font-family:&quot;Angsana New&quot;,serif">.</span></span></span></span></span></span></p>

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<p>Jarupong is a reporter and translator specialising in technology and sustainability.</p>

<p>jarupong_kri@nationgroup.com</p>

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SCB sells its insurance firm to Ace Group

The Siam Commercial Bank has agreed to sell its Siam Commercial Samaggi Insurance PCL to the Ace Group for Bt6.1 billion.

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