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Chinatrust to buy 30 percent of AIG Taiwan unit: source

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

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Chinatrust to buy 30 percent of AIG Taiwan unit: source

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2010-07-29 16:03