Carlyle plan to sell Ta Chong to Yuanta fails
The Carlyle Group will not be selling its 40% stake in mid-sized Taiwanese lender Ta Chong Bank to Yuanta Financial, as the prospective buyer withdrew its T$37 billion ($1.25 billion) bid for the asset.
The smaller bank's share price fell by the maximum 6.8% allowed following the news, while Yuanta's shares were down 0.39%. Local media blamed the collapse of the deal on a failure to agree over the share...
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