USEUROPEAFRICAASIA 中文双语Français
Home / Youth

ICBC in talks to acquire stake in Cathay Financial

China Daily | Updated: 2009-12-03 08:06

TAIPEI/HONG KONG: Industrial and Commercial Bank of China (ICBC) is in talks to buy a stake in Taiwan's Cathay Financial, sources said yesterday, in a deal that could be worth more than $3 billion.

The talks come amid an easing of cross-Straits relations between the mainland and Taiwan, in hopes of boosting both economic and political ties.

One source said that ICBC was interested in buying a roughly 20-percent stake in Cathay Financial, Taiwan's top listed financial holding group, which has a market capitalization of around $17 billion.

ICBC in talks to acquire stake in Cathay Financial

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US