Chinatrust Financial: Capable Of Buying, Integrating Nan Shan
August 18 2009 - 3:37AM
Dow Jones News
Chinatrust Financial Holding Co. (2891.TW) is capable of
acquiring and integrating American International Group Inc.'s (AIG)
Taiwan unit, Chinatrust's chief investment officer, Daniel IK Wu,
said Tuesday.
Chinatrust Financial is among the companies interested in buying
AIG's Nan Shan Life Insurance Co., Taiwan's second-largest life
insurer by gross premiums after Cathay Life Insurance.
The buyers are doing due diligence on the firm before putting in
bids before the end of August.
Bain Capital LLC, Oaktree Capital Management LLC and Morgan
Stanley's private-equity unit are in talks with local firm
Chinatrust Financial Holding Co. on bidding for Nan Shan Life,
people with knowledge of the matter said late July.
-By Perris Lee Choon Siong, Dow Jones Newswires;
+8862-2502-2557; perris.lee@dowjones.com