|
International Finance Corp., the private investment arm of the World Bank, and the Bank of Nova Scotia may buy as much as 24.9 percent of Xi'an Commercial Bank as early as this month, Bloomberg News reported, citing an official with the Chinese lender.
International Finance and Scotiabank, Canada's third-largest lender by assets, will buy shares to be issued by the Xi'an bank. The price of the stake has yet to be decided. The Xi'an lender plans to privately sell 500 million new shares.
(Shanghai Daily September 3, 2002)
|
