Cleary Gottlieb Steen & Hamilton has acted alongside Hong Kong's Deacons on Bank of America's sale of its remaining stake in China Construction Bank (CCB). The US bank is exiting from its Chinese investment by selling approximately two billion shares, the equivalent of 1% of the company's stock, estimated to be worth around $1.5bn (£963m).
September 09, 2013 at 07:08 AM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton has acted alongside Hong Kong’s Deacons on Bank of America’s sale of its remaining stake in China Construction Bank (CCB).
The US bank is exiting from its Chinese investment by selling approximately two billion shares, the equivalent of 1% of the company’s stock, estimated to be worth around $1.5bn (£963m).
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