By George Chen, Reuters
Citigroup and ABN AMRO have become front-runners in a four-way race to buy part of China’s struggling Guangdong Bank as they prepare to hand in final bids this week, four sources involved in or close to the deal said.
The other potential investors submitting bids are Singapore’s DBS Group Holdings and Societe Generale, which along with Citigroup Inc. and ABN AMRO want to take the maximum permissible stake, a senior executive close to the Chinese lender said on Wednesday.
For this complete story, please visit Citi, Others Making Final Bids for Chinese Bank.
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