Taishin gains conditional approval for $200m purchase of Prudential unit

Taishin gains conditional approval for $200m purchase of Prudential unit

The Prudential Financial Inc. Plaza stands in Newark, New Jersey, U.S., on Thursday, Jan. 25, 2018. Photographer: Victor J. Blue/Bloomberg

Taiwan has given conditional approval for Taishin Financial Holding Co’s purchase of Prudential Financial Inc’s Taiwan unit, which it agreed to buy last year for T$5.5 billion ($199.41 million).