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December 11, 2008

China-Rothschild investment still pending

By Spear's

Bank of China is still awaiting the Chinese government’s approval to buy a 20 percent stake in France’s La Compagnie Financiere Edmond de Rothschild (LCFER), the bank said on Thursday.

Bank of China is still awaiting the Chinese government’s approval to buy a 20 percent stake in France’s La Compagnie Financiere Edmond de Rothschild (LCFER), the bank said on Thursday.

The current deadline for completion of the deal is 31 December, although an unofficial spokesman for the bank indicated that this would be flexible. It said the delay was due to concerns over “potential risks.”

For further details visit thewealthnet

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