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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

BofA talks to Gulf funds to cut $17 bln CCB stake

Posted on 12 August 2011

Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its $17 billion stake in China Construction Bank , three sources with direct knowledge of the talks told Reuters.
Talks about the Chinese bank have been held with other investors in addition to the Kuwait Investment Authority and the Qatar Investment Authority, the sources said……………………………………….Full Article: Source

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