Bank of America selling CCB stake
13-05-2009
It's been widely reported that Bank of America is seeking buyers for part of its stake in China Construction Bank.
The American bank is trying to boost its capital by selling one third of its 16.7 percent stake, after the US regulators required the bank to fill a capital hole of US$34 billion last week.
Singapore's state-owned investment firm, Temasek, and a private equity fund, Hopu Investment Management, are said to be potential buyers.
