Allianz Ayudhya Capital Public Company Limited (SET:AYUD) agreed to acquire Aetna Health Insurance (Thailand) Public Company Limited for THB 3.14 billion on March 24, 2022. The transaction subject to receipt of required shareholders' approval, regulatory approval and the fulfilment or waiver of the other conditions precedent. As of April 29, 2022, the transaction has been approved by the shareholders of Allianz Ayudhya via electronic means. The transaction is expected to complete by October 31, 2023. BofA Securities, Inc. acted as financial advisor to Allianz Ayudhya Capital. Prakash Paran, Melanie James and Tim Baumgartner of Willkie Farr & Gallagher LLP acted as legal advisors to Aetna Health Insurance.

Allianz Ayudhya Capital Public Company Limited (SET:AYUD) completed the acquisition of Aetna Health Insurance (Thailand) Public Company Limited on May 6, 2022.