Taiwanese banks attract buyers

Strategic buyers as well as financial sponsors are acquiring banks in Taiwan, attracted by the high-growth opportunities on offer.

The banking sector in Taiwan has been a hotbed of activity in 2007, continuing a trend that started last year. Foreign banks are seeking opportunities to acquire other banks in order to grow their presence, while private equity firms are buying into opportunities to extract value from the islandÆs institutions.

ôTaiwan is rife for banking sector consolidation as it is a fragmented market offering reasonable valuations,ö says Willard McLane, head of financial institutions...

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