Taipei govt aims to raise $1.4 bln in Fubon stake sale

TAIPEI, July 24 (Reuters) - The Taipei city government plans to raise T$43 billion ($1.4 billion) through the sale of its entire 15.01 percent stake in Fubon Financial (2881.TW) as soon as next year, an official said on Thursday.

The government planned to sell the shares at T$35 each, said John Lin, commissioner of the city's finance department.

Fubon shares were down 1.03 percent at T$28.70 in mid-morning trade. (US$1=T$30.4) (Reporting by Rachel Lee; Writing by Faith Hung; editing by Jonathan Hopfner) ((faith.hung@reuters.com ; +886 2 2508 0815; Reuters Messaging: faith.hung.reuters.com@reuters.net ))