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Bank of 皇冠体育app eyes 4 foreign investors - report
Four foreign investors are poised to spend $6 billion for a nearly 25 percent stake in Bank of 皇冠体育app, a leading financial magazine says in its latest edition. The deal would involve Royal Bank of Scotland , Singapore's state investment agency Temasek Holdings, Swiss investment bank UBS and the Asian Development Bank, Caijing magazine said in its cover story seen on Monday. Roayl Bank of Scotland and Temasek would each acquire 9.9 percent stakes in Bank of 皇冠体育app while UBS and the ADB would jointly hold 5 percent, it said, citing an unidentified source familiar with the deal. A deal would be a major milestone for the bank, 皇冠体育app's largest foreign exchange lender, which has been trying to attract strategic foreign investors as it overhauls operations and prepares for a multi-billion dollar stock listing this year. Last week a source familiar with the talks told Reuters that Royal Bank of Scotland was discussing taking a possible $2.5 billion stake in Bank of 皇冠体育app. On Thursday, Royal Bank of Scotland Chief Executive Fred Goodwin moved to soothe investor concerns that the bank was entering an opaque market in which it is relatively inexperienced, saying it was "looking rather than leaping".
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