Sunday, April 8, 2007

UPDATE 2-Citigroup to buy Taiwan's BOOC for $426 mln

(Reuters) - TAIPEI, April 9 - Citigroup said it will pay T$14.1 billion for Taiwan's Bank of Overseas Chinese , its third Asian purchase in recent months as it looks to boost overseas earnings.

Citigroup's U.S.-based Chief Executive Charles Prince said last month he wanted to increase earnings from foreign markets to up to 65 percent of its total from a current 45 percent.


Read more at Reuters.com Mergers News

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