United Overseas Bank S$351 million acquisition of Far Eastern Bank

23/6/2015

Private acquisition

Value:

S$ 351 million

Status:

Completed

Date:

23/6/2015

Overview:

United Overseas Bank (UOB) has acquired Far Eastern Bank (FEB) for S$351 million.
The offer was jointly announced by UOB and FEB as a recommended offer.
UOB owned 78.88% of the shares in FEB and was making the offer with a view to privatising FEB.

Katrin Kostadinova - Data analyst

Jurisdiction:

Singapore

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Singapore

Industry sectors:

Banking
Financial services

Firm:

Rajah & Tann Singapore

Party: United Overseas Bank (Acquirer)

Lawyer: Lawrence Tan

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