Plan gets nod - ResearchInChina

Date:2008-10-15liaoyan  Text Size:

CHINA CITIC Bank Corp's board of directors approved a plan to allow Banco Bilbao Vizcaya Argentaria SA to double its stake in the Chinese lender's Hong Kong-listed shares to 10.07 percent. BBVA, as Spain's second-biggest bank is known, will increase its stake in the CITIC Bank from 4.83 percent, pending regulatory approval, the bank said yesterday.

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