Taiwan Cooperative Financial to Buy Back BNP Paribas TCB Shares

January 24, 2014

On January 17, 2014, Taipei Times reported that Taiwan Cooperative Financial Holding Co. had reached an agreement to buy back shares in its joint venture with BNP Paribas Investment Partners and to become the sole owner of BNP Paribas TCB Asset Management.

On January 17, 2014, Taipei Times reported that Taiwan Cooperative Financial Holding Co. will buy out BNP Paribas Investment Management in the companies’ joint venture, BNP Paribas TCB Asset Management.  Taiwan Cooperative currently is a 51% owner of the asset manager.  Taiwan Cooperative expects that the buy-out and post-closing management changes will return BNP Paribas TCB Asset Management to profitability by 2016.  The transaction is subject to regulatory approval.

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Categories

Investment Manager M&A, Transactions