Taiwan FSC OKs E. Sun Financial's Acquisition of Mercuries Life Insurance
E. Sun Financial (TPE:2884) said Taiwan's Financial Supervisory Commission (FSC) has approved its plan to acquire Mercuries Life Insurance (TPE:2867), through a share swap, according to a Tuesday Taiwan Exchange filing.The share swap will enable E.Sun Financial to acquire the remaining shares of Mercuries Life and make the insurer a unit.