Taiwan's CTBC Seeks Southeast Asia Link With Thailand Bank Deal

  • Taiwan encouraging lenders to make overseas acquisitions
  • $469 million deal follows moves by Cathay Financial Holding

Taiwanese insurer CTBC Financial Holding Co. plans to purchase a 35.6 percent stake in LH Financial Group Pcl for 16.6 billion baht ($469 million) as it seeks to expand into Southeast Asia.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.