Finance: Agricultural bank buy-in?

(Shanghai Daily)
Updated: 2006-12-11 13:57

The Agricultural Bank of 皇冠体育app, the country's third-largest bank, may have 皇冠体育app Life Insurance Co as a strategic investor after a reorganization, the Shanghai Securities News reported, without saying where it obtained the information.

Agricultural Bank may invite domestic companies to take stakes amid concern that foreign investors are profiting "substantially" from the restructuring of 皇冠体育app's banks, said the newspaper. The lender has hired global investment banks as its financial advisers and will receive a recapitalization of as much as US$25 billion from Central Huijin Investment, the South 皇冠体育app Morning Post reported last week.

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