PE firm Longreach sells Taiwan’s EnTie Commercial Bank to IBF Financial for $1.2b

Taipei, Taiwan. Photo by Louis Cheng on Unsplash

Private equity firm The Longreach Group has agreed to sell its equity interest in Taiwan’s EnTie Commercial Bank to IBF Financial Holdings for NT$33.7 billion ($1.2 billion).

Longreach’s exit from EnTie, marks the end of a 14-year partnership, as per a company statement.

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