The Taiwanese financial services group has offered to buy a majority stake in Tokyo Star Bank for $527 million.
November 05, 2013 at 02:55 AM
1 minute read
The original version of this story was published on The American Lawyer
Baker & McKenzie is advising Taiwan’s CTBC Financial Holding Co. Ltd. on its $527 million purchase of a majority stake in Tokyo Star Bank.
CTBC, formerly known as Chinatrust, will acquire 98.16 percent of the Japanese bank from Shining Star Godo Kaisha and Allied Holdings Godo Kaisha, the bank’s Japanese shareholders. In a statement, CTBC said the deal would help to further grow its footprint in Northeast Asia.
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