Cathay gets specific on UWCCB purchase

Cathay FHC''s Chang-Ken Lee discusses the rationale behind its $3.4 billion acquisition of UWCCB.

Nick Lord

August 13, 2002

Yesterday it was announced in Taiwan that Cathay Financial Holding Company (FHC) has agreed to purchase United World Chinese Commercial Bank (UWCCB) in an all share transaction. The deal is worth some $3.4 billion and is the largest M&A deal to ever happen in Taiwan, eclipsing last week's acquisition by Fubon of Taipei Bank.

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