Two foreign investors sell ICBC stakes
28-04-2009
Allianz and American Express have sold half of their stakes in Industrial and Commercial Bank of China for US$1.9 billion.
Other foreign investors have sold part or even their entire stake in mainland lenders this year in a bid to shore up capital.
The Hong Kong-listed ICBC shares rose 2.5 percent today to $4.12. The bank's share slumped 6 percent yesterday.
