Friday, November 1, 2013

China Construction Bank to buy majority stake in Brazilian bank





Brazilian mid-sized lender Banco Industrial e Comercial said on Thursday it would sell 72 per cent of its capital to China Construction Bank (CCB) for 1.62 billion reais, (HK$5.7 billion), which could lead to the delisting of the Brazilian bank.









via Business feed http://www.scmp.com/business/banking-finance/article/1345184/china-construction-bank-buy-majority-stake-brazilian-bank

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