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Friday, 07/20/2007 9:29:19 PM

Friday, July 20, 2007 9:29:19 PM

Post# of 143047
Everyone's looking for a piece of the pie.

Goldman Sachs and Allianz of Germany are in talks to acquire $1 billion stake in China's largest state-owned bank, Industrial and Commercial Bank of China; this is latest Chinese bank to be courted by world's biggest financial institutions, all rushing to acquire stakes in China's troubled state-owned banks ahead of planned initial public offerings in next few years; Bank of America is seeking stake in China Construction Bank, and UBS(hmmm seen that name before)is considering investment in Bank of China; Goldman and other large investment banks may be positioning themselves to help take banks public in future, in deals that could result in hundreds of millions of dollars in investment banking fees; Citigroup considered buying stake in China Construction Bank and helping take it public, but bankers say that deal will likely be handled by Morgan Stanley and its Chinese joint venture partner, China International Capital Corp;

Just info on banks, nothing more, Making NO claims!

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