UPDATE 2-Longreach to invest $568 mln in Taiwan lender

(Reuters) - TAIPEI/TOKYO June 15 - Private equity house
Longreach Group said it will invest US$568 million to take a
controlling stake in EnTie Bank , its first move into
Taiwan's consolidating banking sector as it seeks to expand in
Asia.




The T$18.8 billion stake purchase in the loss-making lender
highlighted Longreach's ambition to explore the region's retail
banking business.


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