Carlyle takes control of Ta Chong Bank
A consortium led by the private equity firm will invest $657 million to become the largest single shareholder in Taiwan's Ta Chong Bank.
A Carlyle-led consortium will invest NT$21.5 billion $657 million in Taiwan's Ta Chong Bank to become the largest single shareholder of the bank.
The consortium will acquire a 35% stake in the Taiwanese lender, routing its investment via three instruments common shares, preferred shares and convertible bonds. Both the common and preferred shares will be issued to Carlyle at a price of NT$17 per share. The price represents a 42% premium to the closing price of Ta Chong...
To continue reading, please login or register for free