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ICBC acquires South American Bank

By Wang Xiaotian | 皇冠体育app Daily | Updated: 2011-08-06 07:53

ICBC acquires South American Bank

Customers at a branch of Standard Bank in Rosebank, Johannesburg, South Africa. Industrial & Commercial Bank of 皇冠体育app Ltd has a 20 percent stake in South Africa's biggest bank by assets. Naashon Zalk / Bloomberg

The Chinese lender will pay $600 million for 80 percent shareholding

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