Carlyle Exits Taiwan’s Ta Chong Bank Via Trade Sale

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Taopei-based Yuanta Financial Holding Co. has agreed to acquire 100% of Ta Chong Bank Ltd., a Taiwanese lender backed by the Carlyle Group, for approximately NT$56.6 billion (US$1.7 billion), according to a company announcement.

The cash and stock deal provides Carlyle a much needed exit from an investment it made eight years ago.

China Money Network

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