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Bank of America (BAC) Seeks to Boost Stake in China Construction Bank (CCB)

Nov 17th, 2008 | By William Patalon III | Category: Financial News

Bank of America Corp. (BAC) will likely boost its stake in state-owned banking giant China Construction Bank Corp., paying about 36 cents a share (2.46 yuan), or 1.2 times the Beijing-based lender’s book value, China’s Caijing magazine reported last Friday, citing unidentified sources.

Tags: ABGEF, ABGEY, BAC, Bank Of America, Bank Of China, BX, Caijing Magazine, CCB, China Construction Bank, CIC, investing in China, MS, William Patalon III
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