Comments 
Print 
Mail 
Large Medium SmallChina Construction Bank Corp, the nation's No 2 lender, is in advanced talks to buy Brazil's Banco Industrial e Comercial SA, a person familiar with the matter told Reuters on Wednesday.
BicBanco, as the Sao Paulo-based mid-sized lender is known, has a market value of 1.7 billion reais ($778 million).
BicBanco said in a securities filing on Tuesday its "controlling shareholders are always open to business opportunities and, in that regard, there has been progress in negotiations over the sale of a controlling stake in the company," though no binding agreements have yet been signed.
CCB was not available for immediate comment.
The source declined to be identified as the discussions were confidential.
Bloomberg News earlier reported the talks.
Rescue robot
Hunan Gold Jewelry Culture Festival kicks off
World's first 1-liter car debuts in Beijing
Paper-made furniture lights up art show
Robots kick off football match in Hefei
Aerobatic team prepare for Aviation Convention
China Suzhou Electronic Manufacturer Exposition kicks off
'Squid beauty' and her profitable BBQ store
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
