Taiwan Firm Buys Taishin Financial Stake from Newbridge

Taiwan financial holding firm Cathay Financial has paid $155 million for a 3.45% stake in Taishin Financial, buying the stake from buyout firm Newbridge Capital, Reuters reported. U.S.-based Newbridge Capital invested T$27 billion in 2006 for a 18 percent stake in Taishin and was its largest single foreign stake holder, Reuters wrote.

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