Taiwan's Chinatrust in talks to buy Tokyo Star Bank - report
Chinatrust Commercial Bank, one of Taiwan's largest commercial banks, is reportedly in talks to acquire Tokyo Star Bank for JPY50 billion ($582 million). Tokyo Star's shareholders, which include Lone Star Funds, have previously struggled to find interested buyers.
According to The Wall Street Journal, the shareholders - Lone Star, Shinsei Bank, Crédit Agricole, Aozora Bank and others - will likely make a decision on Chinatrust's offer early in 2013. Local media...
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