goldman-sachs-morgan-stanley-and-ubs-mandated-for-chunghwa-telecom

Goldman Sachs, Morgan Stanley and UBS mandated for Chunghwa Telecom

Chunghwa's circa $1 billion deal expected before the end of this month. Far EasTone shareholder paves the way with $82 million post-dividend sell-down.
Chunghwa Telecommunications has mandated Goldman Sachs, Morgan Stanley and UBS to help with the upcoming government sell-down following the completion of a second bidding process.

According to sources, the deal is expected to be launched before the end of this month after some preparation work that is needed because the bulk of the offer will be sold in the form of American Depositary Receipts.

Sources say the company and the government have given no indication of the size of the sale, but noted that it may turn out to be smaller than the $1.2 billion to $1.3 billion originally planned. The reason for that is that Taiwan Mobile, which was to sell its remaining stake...
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