TAIPEI (Reuters) – Chinatrust Financial ( 2891.TW ), which lost a bid to acquire AIG’s ( AIG.N ) Taiwan life insurance unit, will buy a 30 percent stake of the unit from China Strategic ( 0235.HK ), a source with knowledge of the situation said on Tuesday. In exchange, China Strategic will take a 9.5 percent stake in Chinatrust via a private placement, the source said, asking not to be identified. (Reporting by Faith Hung; Editing by Dan Lalor) © Thomson Reuters 2009 All rights reserved Original post: Chinatrust to buy 30 percent of AIG Taiwan unit: source

Visit link:
Chinatrust to buy 30 percent of AIG Taiwan unit: source

Related posts:

1. UPDATE 1-Chinatrust agrees to buy stake of AIG’s Taiwan unit
2. Taiwan’s Chinatrust buys 30 per cent stake in AIG’s Taiwan unit for $660 million
3. China Strategic says Taiwan yet to rule on Nan Shan
4. Taiwan concerned about AIG Nan Shan deal -official
5. Taiwan to probe AIG units buyer