Ukrainian Globalist

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

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Qatar sovereign fund Qatar Investment Authority has agreed to invest $ 2.8 billion in the IPO of the Chinese Agricultural Bank of China Ltd. Fund with assets of $ 58 billion, signed an agreement with AgriBank June 17, told the agency two people familiar with the situation.

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Chinese Bank Agricultural Bank of China Ltd. (ABC) during the forthcoming initial public offering (IPO) on the stock exchanges in Hong Kong and Shanghai intends to raise more than $ 23 billion, which will be the world’s largest IPO.

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According to information from knowledgeable sources, the Commercial Bank of Shanghai Bank is planning to issue 1.2 billion shares for the purpose of an IPO. Given the fact that the application has not yet been brought to the banking regulator, timing and other details of IPO are still unknown.

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