Reports link RBS to Chinese deal

Royal Bank of Scotland was today reported to be in talks to buy a strategic stake in the second-largest bank in China.

Reports link RBS to Chinese deal
Sun, 10 Apr, 2005 - 11:50

Royal Bank of Scotland was today reported to be in talks to buy a strategic stake in the second-largest bank in China.

It is understood that RBS is willing to pay up to US$4bn (€3.09bn) for as much as a 20% stake in Bank of China, but faces competition from a number of major rivals.

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