Piyush Gupta, CEO of DBS, said geopolitics was “perhaps the single largest question that our board wrested with” in the Citi Taiwan deal.
DBS agreed to acquire Citigroup’s consumer banking business in Taiwan, paying cash for the net assets plus an additional S$956 million.
Another source has tipped DBS as the winner of the race to acquire Citigroup’s Taiwan assets.
UOB‘s proposed acquisition of Citigroup‘s Asean-4 consumer business for nearly S$5 billion is “fairly priced,” DBS said in a note Monday.
UOB‘s proposed acquisition of Citigroup‘s consumer assets in Indonesia, Malaysia, Thailand and Vietnam is a game-changer, Daiwa said Friday.
DBS appears to have won the race to acquire Citi’s Taiwan consumer business, Taiwan’s Economic Daily reported, citing sources, Sunday.
UOB plans to acquire Citigroup’s consumer banking business in Indonesia, Malaysia, Thailand and Vietnam in an around S$4.9B deal.
SG stocks Fri., 10 Dec. 2021: Keppel, SPH, Cuscaden Peak, Sembcorp, UOB, Mapletree Logistics, CICT, Yangzijiang, ValueMax, Civmec, Hiap Seng and others.
Singapore companies in focus Thurs., 21 Oct. 2021: DBS, UOB, Mapletree Logistics Trust, Zheneng Jinjiang, Ascendas India Trust, AA REIT, Raffles Education, Willas-Array Electronics and Ntegrator.