Bank in Chinese Move

The HeraldJuly 28, 2005

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Summary


THE Royal Bank of Scotland is thought to be closing in on a multi- billion pound deal to buy a 15-per cent stake in one of China's biggest banks.

The bank is reported to have signed a non-binding agreement to acquire the stake in the Beijing-based Bank of China, and a deal could be done within weeks, according to Hong Kong's South China Morning Post.

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Bank in Chinese Move

The newspaper estimated t...

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