Taiwan’s Chinatrust buys Tokyo Star Bank – report
Chinatrust Commercial Bank, one of Taiwan’s largest commercial lenders, has reportedly agreed to buy Tokyo Star Bank for JPY52 billion ($519 million) from Lone Star and other creditors-turned-shareholders. It would be the first full buyout of a Japanese bank by a foreign strategic player.
According to Nikkei, the deal is likely to be completed in September or October, once regulatory approvals have been obtained. When Chinatrust's interest in the asset was first reported at the end of...
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