LINE

Text:AAAPrint
Economy

Chinese banks bid for Germany lender

1
2018-02-14 10:38Global Times/Agencies Editor: Li Yan ECNS App Download

Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among the potential bidders for German transport finance lender DVB Bank, three sources familiar with the matter said.

The preliminary expressions of interest by two of China's leading lenders follow a wider push by Chinese companies to invest in assets in Europe, especially in Germany.

In December, sources said that German cooperative lender DZ Bank planned to sell its subsidiary DVB, which finances ships, aircraft, offshore oil rigs and the rail industry. The sale process is in its early stages.

The sources, who declined to be identified due to the sensitivity of the matter, said that both Bank of China and ICBC are working on pitches. One source said they are expected to present initial proposals this month.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.