China's ICBC to buy stake in African firm
Article Abstract:
Industrial and Commercial Bank of China has bought a 20% stake in South Africa's Standard Bank Group Ltd. Standard Bank is South Africa's largest lenders, and the transaction marks one of China's largest foreign-firm purchases. Although ICBC did not provide financial details, the deal is valued at $5.46 bil.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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RBS write-down calms fears
Article Abstract:
Royal Bank of Scotland PLC has announced a smaller-than-expected write-down due to subprime lending exposure, but expects to exceed analysts' predictions for full-year profit. The write-down totals 1.25 bil pounds sterling; RBS shares increased by 2.7% to reach 4.79 pounds sterling with the news.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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ICBC poised for massive offering
Article Abstract:
Industrial & Commercial Bank of China is planning an initial public offering on the Hong Kong Stock Exchange valued at approximately $19 billion. Industrial & Commercial Bank of China is the largest bank in China by assets.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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