Citigroup Bids $1.5 bln for China Bank Stake

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007393-citigroup-bids-15-bln-for-china-bank-stak/

By George Chen, Reuters

Citigroup Inc. has made the highest bid in a four-way battle for a mid-sized Chinese lender, offering about $1.5 billion for a stake up to 50 percent, an unprecedented share for a single foreign investor, four sources said.

If successful, the purchase would grant the world’s top financial services firm unusually large influence over a Chinese lender of that size.

For this complete story, please visit Citigroup Bids $1.5 bln for China Bank Stake.

Citigroup Bids $1.5 bln for China Bank Stake

Unknown Author

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