12.08.2011 - CIC to buy 7pct stake in Bank of Shanghai
China Investment Corp, the country's sovereign wealth fund, is buying a 7 percent stake in the Bank of Shanghai from International Finance Corp. "The deal is going through the proper procedures," the Bank of Shanghai said after reporters questioned the lender about a shareholder change. Citing sources familiar with the matter, the 21st Century Business Herald yesterday reported CIC has bought the IFC's 7 percent stake in the Bank of Shanghai.............................................Full Article: Source
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