July 22 (Reuters) – Chinatrust Financial (2891.TW), Taiwan’s top credit card issuer, would be happy to talk to AIG (AIG.N) about its Taiwan life insurance unit if the U.S. firm is unable to seal an existing deal to sell the unit.
“We are still interested in Nan Shan. If AIG is willing to talk to us before the bid deadline, we would be happy to take them up,” Chinatrust President Daniel Wu told reporters on Thursday.
Chinatrust had originally bid for Nan Shan last year, when AIG put the unit up for sale as it retrenched following its bailout.
It lost out to a consortium of diversified battery maker China Strategic (0235.HK) and Hong Kong investment fund Primus, but they have been unable to seal the $2.2 billion deal because of political concerns in Taiwan. The deadline for the deal is Oct 12. (Reporting by Rachel Lee; Editing by Jonathan Standing)