久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

Economy

Markets

Industries

Insights

Reports

Events

Allianz, American Express cut stakes in ICBC

(Xinhua)
Updated: 2009-04-28 14:24

Allianz Group and American Express, two strategic investors in Industrial and Commercial Bank of China (ICBC), have sold part of their stakes through private sales, ICBC said Tuesday.

Related readings:  Banks hit by bad loan provisions  ICBC says Q1 net profit rises 6.03%  ICBC says its deposits now world's largest  ICBC says M&A to focus on Asia, emerging markets

ICBC declined to identify the buyers of the shares.

Allianz sold 3,216,300,507 ICBC H shares and American Express sold 638,061,116 ICBC H shares, representing shares whose lock-up periods ended Tuesday.

ICBC H shares held by Allianz and American Express were due to be freed from lock-ups on April 28 and October 20, and both investors were allowed to sell half of their shares each time.

Allianz and American Express joined Goldman Sachs to become strategic investors of ICBC in 2006.