Royal Bank of Scotland to buy 15% of BOC
27 July 2005
The Royal Bank of Scotland is near a US$5bn deal to buy as much as 15% of the Bank of China (BOC), the South China Morning Post reported, citing market sources. If carried through, the purchase could set a record for the largest-ever single foreign direct investment in mainland China. The newspaper said China's second-largest lender hopes to sell a 10-15% stake by early August.