Tokyo Star will be first Japanese lender acquired by a foreign bank.
Taiwan's CTBC Financial Holding Company, formerly Chinatrust Commercial Bank Co Ltd, has agreed to buy Tokyo Star Bank for US$519 million, according to the Nikkei business daily.
Privately owned Tokyo Star Bank will be the first Japanese lender to be bought out by a foreign bank. The acquisition is still pending regulatory approval but is expected to be completed in September or October.
U.S. investment fund Lone Star is the biggest shareholder in Tokyo Star Bank. Other shareholders include Tokyo-based Shinsei Bank and French bank Credit Agricole.
Join
Asian Banking & Finance
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!