BOC drops Rothschild stake buy bid
By Yang Zhen | China Daily | Updated: 2009-04-03 07:56
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A woman steps out of a Bank of China branch in Beijing. AFP |
Bank of China (BOC), the country's third largest lender by market value, has dropped its plan to invest 236 million euros for a 20-percent stake in La Compagnie Financiere Edmond De Rothschild, after failing to obtain approval from the Chinese government before the March 31 deadline.
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