Acquisition of Citigroup consumer banking business in Taiwan by DBS Bank Ltd

A&G News 21 March 2022

Allen & Gledhill, as transaction counsel, advised DBS Bank Ltd (“DBS”) on its acquisition of Citigroup’s consumer banking business in Taiwan, for an aggregate consideration equal to the business net asset value plus a premium of S$956 million.

Advising DBS was Allen & Gledhill Partners Prawiro Widjaja, Elsa Chen, Eugene Ho, Jessie Lim and Liew Wan Lin.