Taiwan's CTBC in talks to buy $450m stake in Thai LH Financial unit

CTBC Financial Holding Co , the parent of Taiwan’s biggest credit card issuer, is in talks to buy a stake of up to 40 per cent in Thai firm LH Financial Group‘s banking unit, a person familiar with the matter said on Tuesday.

The potential deal is worth around T$15 billion ($450 million) and is subject to regulatory clearance, the person said, declining to be identified as the matter had yet to be made public.

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