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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

Bank of China aay delay Rothschild deal as approval delayed

Posted on 11 December 2008

From Bloomberg: Bloomberg: Bank of China Ltd. may have to delay a planned $342 million investment in La Compagnie Financiere Edmond De Rothschild as China’s banking regulator withholds approval, three people familiar with the matter said.

With a Dec. 31 deadline approaching, the watchdog has yet to endorse the bank’s application, the people said, declining to be identified as talks are private. China’s third-largest bank may extend the deadline and seek to complete the purchase in next year’s first quarter, one person said. …. Full Article: Source


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