ICBC buys stake in South African bank group

The Industrial and Commercial Bank of China (ICBC) has inked a strategic partnership deal with South Africa¡¦s Standard Bank Group, say lawyers close…

2 minute readNovember 01, 2007 at 12:58 AM

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The Industrial and Commercial Bank of China (ICBC) has inked a strategic partnership deal with South Africa¡¦s Standard Bank Group, say lawyers close to the deal, which includes ICBC¡¦s acquisition of 20% of Standard Bank.

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