19
Sep
08:57
Baosteel grows investment in banking sector
Baosteel has announced to the Shanghai Stock Exchange that it will buy from Australia & New Zealand Banking Group (ANZ Bank) it‘s 10% share in Shanghai Rural Commercial Bank (SRCB). The steelmaker also confirms that the decision has been approved by the board. Baosteel is budgeting CNY 4.595 billion ($701 million) for this deal, and its published information shows it is treating the investment as a high-quality non-steel sector investment, …
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Anonymous
Very good overview of the weekly steel market.
Anonymous