Citigroup Inc, which has been shedding some of its retail operations as part of a global revamp, is in advanced talks with Fubon Financial Holding Co (富邦金控) for a sale of its China consumer business, people familiar with the matter said.
Taipei-based Fubon has emerged as the likeliest buyer after outbidding rivals, and the two lenders are negotiating the terms of a potential transaction, the people said, asking not to be identified as the information is private.
They are aiming to sign an agreement in the next few weeks and the assets could be valued at about US$1.5 billion, the people said.
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‘STRIKING A BALANCE’: By allowing the importation of pork containing traces of ractopamine, Taiwan can set up more international trade partnerships, an expert saidBy Shelley Shan / Staff reporter
Taiwan can continue to import pork products containing traces of ractopamine within the legal limits set by the government, after Taiwanese yesterday voted against reinstating a ban.
Official numbers showed that 3,936,554 people voted in favor of banning the imports, while 4,131,203 voted against the proposal.
The government’s decision to allow the imports from the beginning of this year stirred controversy, as many said that the leanness-enhancing additive might affect the health of Taiwanese.
Council of Agriculture Minister Chen Chi-chung (陳吉仲), who voted near his registered address in Taichung yesterday morning, told reporters that the US government this year withdrew preferential tariffs of
By Cheng Ching-yi and Wang Ting-chuan / Staff reportersPolice investigators yesterday recovered the head of a victim of dismemberment in New Taipei City’s Yonghe District （永和） following the arrest of a suspect a day earlier.