1st Feb 2008
TAIPEI, Feb 1 (Reuters) - Singapore's DBS Group (DBSM.SI: Quote, Profile, Research) will take over Taiwan's Bowa Commercial Bank from the Taiwan government, a banking source said on Friday, the latest acquisition by a foreign bank in the island's crowded financial industry.
DBS, Southeast Asia's biggest lender, was picked as the preferred bidder after a Taiwan government auction to sell Bowa failed on Thursday.
No other details were immediately available. (US$1=T$32.1) (Reporting by Faith Hung; editing by Dominic Whiting)
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSTPV00068220080201
