Reuters logo
BRIEF-ANZ says Baoshan Iron & Steel will buy a part of its stake in Shanghai Rural Commercial Bank
September 18, 2017 / 9:07 PM / a month ago

BRIEF-ANZ says Baoshan Iron & Steel will buy a part of its stake in Shanghai Rural Commercial Bank

Sept 19 (Reuters) - Australia and New Zealand Banking Group Limited:

* Baoshan Iron & Steel will join China Cosco Shipping to acquire ANZ’s 20% stake in Shanghai Rural Commercial Bank

* Baoshan will buy 10% stake in SRCB instead of Shanghai Sinopoland Enterprise Management Development Corp

* There are no material changes to the financial terms of sale for ANZ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below