(Reuters) - TAIPEI, June 8 - Taishin Financial , Taiwan's No. 2 financial holding firm by assets, said on Friday it will take a 51 percent stake in a T$2 billion insurance joint venture to be formed with Dutch insurer Aegon NV .
Separately, Aegon will purchase a 2.5 percent stake of Chang Hwa Bank from Taishin and aims to use Taishin's network to market its products. Terms of that purchase were not disclosed. "This tie up indicates Aegon's strong ambition in the Taiwan market. We hope to sell more insurance and pension products through more than 200 branches of Taishin," an executive from Aegon's Taiwan office said at a news conference.
Read more at Reuters.com Mergers News
Separately, Aegon will purchase a 2.5 percent stake of Chang Hwa Bank from Taishin and aims to use Taishin's network to market its products. Terms of that purchase were not disclosed. "This tie up indicates Aegon's strong ambition in the Taiwan market. We hope to sell more insurance and pension products through more than 200 branches of Taishin," an executive from Aegon's Taiwan office said at a news conference.
Read more at Reuters.com Mergers News
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