BofA sold CCB shares to Temasek, Chinese institutions
A group comprising of Singapore’s second-largest sovereign wealth fund Temasek and several Chinese institutions have materialized as the buyers of the 10.4 billion shares in China Construction Bank (CCB) sold by Bank of America (BofA) for nearly $6.6 billion earlier this week.
It is unclear how many Chinese groups were involved in this syndicate, the Financial Times reported, nor how the shares were divided. However, Temasek, which has been the bank's second-largest stakeholder...
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