Carlyle to sell Ta Chong for $1.25b - report
The Carlyle Group looks set to sell its 40% stake in mid-sized Taiwanese lender Ta Chong Bank to Yuanta Financial in a deal which could value the bank at up to T$37 billion ($1.25 billion).
Sources told Reuters that the private equity giant and the Chen family - which owns about 30% - intend to sell the Ta Chong in a share swap that would value their equity at T$15-17 per share. Carlyle would...
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