Chinese bank in the sights of Spain's BBVA

Kazakhstan News.Net
Monday 23rd November, 2009

The Financial Times has reported Spanish bank BBVA may boost its current interest in China Citic Bank.

It is believed BBVA will spark up the stake with a US$1.6 billion investment.

BBVA, Spain's second-biggest bank, will up its ownership in China Citic to 15 percent from 10 percent if the move goes ahead.

The Spanish bank has already invested a total of US$3.5 billion in the company.

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