1. BOC Takes the Stake.
- Author
-
TAN WEI
- Subjects
- *
MERGERS & acquisitions , *BANKING industry - Abstract
The article reports on the decision of Bank of China (UK) Ltd., a wholly-owned subsidiary of the Bank of China Ltd. (BOC) to acquire a 30-percent stake in Heritage Fund Management (HFM) SA of Switzerland. The acquisition costs around 60 million yuan. It relates the impact of the acquisition on the aim of BOC to expand its private banking services in other countries. It explores the problems that BOC may encounter in its foray into private banking.
- Published
- 2008