Brief: Yuanta Financial says to buy Ta Chong Bank in estimated $1.8 bln deal

Yuanta Financial Holding

13/08/2015 09:37

Yuanta Financial  2885.TW , which has tried to expand its 
banking business, says: 
    * To acquire 100 percent of Ta Chong Bank  2847.TW , in 
which Carlyle Group  CG.O  is a major stakeholder. 
    * In share swap deal worth about T$56.55 billion ($1.82 
billion) 
    * To close deal in February, subject to Taiwan financial 
regulator's approval 
    * To gurantee Ta Chong Bank employees 36 months in job   
     
 
 (Reporting by Faith Hung) 
 ((faith.hung@thomsonreuters.com; 8862 2500 4893; Reuters 
Messaging: faith.hung.thomsonreuters.com@thomsonreuters.net)) 
 
Keywords: YUANTA TACHONG/M&A