Korea M&A Corporation

Citigroup Inc. expects profit from its Taiwan operations to grow in 2008, following its US$427 million acquisition of the Bank of Overseas Chinese, an official said Saturday. Citigroup, the most profitable foreign bank in Taiwan, posted a pretax profit of NT$10.32 billion (US$320 million; euro215 million) during the three quarters ending Sept. 30, according to data on the Financial Supervisory C..