"The New York-based Citibank has announced that it will buy Taiwan's Bank of Overseas Chinese for NT$14.1 billion (US$426 million).
The country officer for Citibank Taiwan, Morris Li, said the acquisition is part of its long term growth strategy in Taiwan. He said it will help Citibank delve deeper into the local market and reach a broader base of customers.
Li said the merger is expected to be completed in the second half of this year, with Citibank hoping to reap profits beginning in 2009".
this is intresting i think
Li said the merger is expected to be completed in the second half of this year
as maybe just maybe they will be implementing razor at the same time
"we can all dream"
km
ITE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
