Auto-finance venture
By Vivian Jin |
April 27, 2010, Tuesday
|
Print Edition
Print Edition
CHINA Citic Bank Corp and Spain's Banco Bilbao Vizcaya Argentaria SA will set up an auto-finance joint venture in China to tap potential demand in the world's largest car market, according to the Chinese bank.
Citic Bank plans to invest 650 million yuan (US$95 million) for 65 percent of the joint venture, with the rest to be held by Corporacion General Financiera SA, a subsidiary of BBVA, for 350 million yuan.
BBVA owns 15 percent in Citic Bank. The Chinese bank said in a statement the transaction will further enhance the strategic cooperation between the two sides.
Citic Bank plans to invest 650 million yuan (US$95 million) for 65 percent of the joint venture, with the rest to be held by Corporacion General Financiera SA, a subsidiary of BBVA, for 350 million yuan.
BBVA owns 15 percent in Citic Bank. The Chinese bank said in a statement the transaction will further enhance the strategic cooperation between the two sides.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
