CIC to Purchase 7% Stake in Bank of Shanghai from IFC
Posted on 08/14/2011
The China Investment Corporation plans to purchase a 7% stake in the Bank of Shanghai. The International Finance Corporation (IFC) which is a member of the World Bank Group is selling the stake. The IFC became a shareholder of the Bank of Shanghai in 1999. They made an initial investment of US$ 22 million for […]
