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EnTie Bank to sell company to IBF Financial for $1.2 billion

October 2021

Client(s) EnTie Commercial Bank

Jones Day advised EnTie Commercial Bank Co., Ltd. ("EnTie Bank") in its attempted acquisition by IBF Financial Holdings Co., Ltd. ("IBF"), a financial holding company also based in Taipei, for about $1.2 billion. EnTie Bank is structured to be bought by a share swap with mixed cash and share consideration. After completion of the share swap, EnTie Bank will become a wholly-owned subsidiary of IBF.

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