Citigroup inches closer to acquire Taiwanese bank for $426 million
Citigroup Inc. has announced that it will acquire Taiwan’s Bank of Overseas Chinese for 14.1 billion New Taiwan dollars (US $426 million), to create Taiwan’s largest foreign bank by assets, since the U.S. financial giant points towards expanding its overseas business. The group has proposed an all-cash deal, which was reached after prolonged negotiations that [...]
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