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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek mulls buying part of BofA’s CCB stake

Posted on 30 August 2011

Zhang JianguoSingapore state investment company Temasek Holdings Pte. Ltd. is considering acquiring a part of Bank of America Corp.’s stake in China Construction Bank Corp. or CCB, people familiar with the situation said Monday.
Bank of America now owns 25.6 billion CCB shares, or 10% in CCB, including the 23.6 billion shares that will emerge from a lockup period ending Monday. The bank will be free to sell the remaining shares in 2013……………………………………….Full Article: Source


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