Shanghai International Group completed the acquisition of a minority stake in China UnionPay from Fubon Financial for £88m.

Synopsis

Shanghai International Group, an investment arm of the Shanghai government, completed the acquisition of a minority stake in China UnionPay, a bank trading system company, from Fubon Financial, a financial services holding company, for £88m.

Principals

target

China Unionpay Co

bidder

Shanghai International Group

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Market Context

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Seller Team (2)

wenchao shi

CEO at CHINA UNIONPAY CO LTD

Manager

target

Deals

£ 113 M

Total Value

larry wang

Vice President at CHINA UNIONPAY CO LTD

Manager

target

Deal

£ 88 M

Total Value

Bidder Team (1)

lei zhou

Chief Investment Officer & Vice President at SHANGHAI INTERNATIONAL GROUP

Manager

bidder

Deal

£ 88 M

Total Value

Vendor Team (1)

daniel ming chung tsai

CEO at FUBON FINANCIAL

Manager

vendor

Deal

£ 88 M

Total Value

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