Fubon Financial to buy majority control of First Sino Bank

Fubon Financial Holding, the second-largest publicly traded financial group in Taiwan, will buy majority control of First Sino Bank, in what is the largest acquisition of a mainland business by a Taiwanese investor.

The deal, valued at more than US$1 billion, reflects Taiwanese investors' growing interest in tapping the vast mainland market as the two sides consolidate their economic ties.

via Business feed http://www.scmp.com/business/banking-finance/article/1113880/fubon-financial-buy-majority-control-first-sino-bank