BBVA Says Sells Stake in China’s Citic Bank for 944 mn Euros

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Last updated: 17 October, 2013

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BBVA says sells stake in China’s Citic Bank for 944 mn euros (via AFP)

Spain’s second-biggest bank BBVA said Thursday it had agreed to sell a 5.1-percent stake in China Citic Bank to its parent company for 944 million euros ($1.35 billion). The deal will reduce its stake in the Hong Kong-listed bank to 9.9 percent, just…

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