SINGAPORE (MarketWatch) -- Singapore state investment company Temasek Holdings Pte. Ltd. is considering acquiring a part of Bank of America Corp.'s /quotes/zigman/190927/quotes/nls/bac BAC +8.12% stake in China Construction Bank Corp. (0939.HK) or CCB, people familiar with the situation said Monday.
Bank of America now owns 25.6 billion CCB shares, or 10% in CCB, including the 23.6 billion shares that will emerge from a lockup period ending Monday. The bank will be free to sell the remaining shares in 2013. Full story
Related:
Temasek among buyers of Bank of America's CCB shares: sources - CNBC.com
Temasek Considering Buying Part Of BoA's Stake In China CCB Sources - Nasdaq
Bank of America to sell China bank stake for $8.3 billion - Reuters
