Industrial & Commercial Bank of China began the great game

Industrial & Commercial Bank of China is ready to absorb

In brief: Industrial & Commercial Bank of China offered $ 1.4 billion for the shares of unit.

Season of mergers and acquisitions continued in Asia. The Asian banking sector resembles an anthill, the volume of transactions grow.

Industrial & Commercial Bank of China proposed to HK $ 10,83 billion ($ 1.4 billion) per share in the division of Industrial & Commercial Bank of China (Asia), which is not enough to obtain full control over the latter. Thus, Industrial & Commercial Bank of China suggested HK $ 29,45 for each paper ICBC Asia.

Ukrainian Globalist
2010-08-11 09:29, Economics.

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