Of Special Interest
11th May 2012
China Construction seeking WestLB's Latin America Ops
China Construction Bank is reported at an advanced stage of negotiation with WestLB to buy the German bank's Latin American interests. The likely deal value is said to be between $200m and $300m.
For WestLB it is another step towards its organised break-up and Latin America is an area of extreme interest to China because of its oil and raw materials resources.