DBS to buy Citigroup Taiwan assets for NT$60 billion, Economic Daily News says

Bloomberg1/17/2022 1:7 PM GMT+08  • 2 min read
DBS to buy Citigroup Taiwan assets for NT$60 billion, Economic Daily News says
DBS is the successful bidder for Citigroup Taiwan's business, says Bloomberg
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DBS Group Holdings will pay about NT$60 billion to buy Citigroup Inc.’s consumer bank assets in Taiwan, according to Economic Daily News.

The Singapore-based lender emerged as the preferred bidder after three Taiwanese financial institutions withdrew from the bidding process, the Taipei-based publication reported Sunday, citing people it didn’t identify.

Spokespeople at DBS and Citi declined to comment on the report.

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