Of Special Interest


[x] [x]

8th November 2011

BoA to sell more of China Construction stake?

Bank of America is said to have contacted China Construction Bank over the weekend to inform that it intended to sell more its stake in the bank. Bank of America originally acquired a 10% strategic stake in CCB and sold one-half in August of this year.

The report was variously attributed as originating with the Wall Street Journal and the South China Morning Post.