ICBC to Buy 80 of Standard’s Argentine Arm

摘要

＜正＞China’s ICBC has agreed to buy 80 per cent ofthe Argentine operations of South Africa’s Standard Bank for US$600m,according to people familiar with the plans. Standard Bank,in which ICBC is a minority shareholder,bought 75 per cent of BankBoston in Argentina in 2006,paying about US$120m.