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.
UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech
Want to read this important story?
Access thousands of news articles and data posts over the past 9 years!
Already have an account or paid subscription? Log in
