January 03, 2017 BY Valentina Kirilova
ANZ sells its 20% stake in Shanghai Rural Commercial Bank
Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ), today announced it had reached agreement to sell its 20% stake in Shanghai Rural Commercial Bank (SRCB) to China COSCO Shipping Corporation Limited and Shanghai SinoPoland Enterprise Management Development Corporation Limited. The agreement will see COSCO and Sino-Poland Enterprise each acquire…
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