Relevant:
- BofA Said to Plan Sale of China Construction Bank Stake
- BofA Needs to Build $50 Billion Cushion for Housing Losses
- Bank of America Said to Sell $7.3 Billion CCB Stake
- Lawsuit Against Bank of America Over $10 Billion AIG Case Dismissed
- Bank Of America Scrambles To Shore Up Capital: In Negotiations To Sell $17 Billion China Construction Bank Stake
2011-08-29 — bloomberg.com
"A group of investors will buy 13.1 billion shares in a private transaction closing this quarter that will generate $8.3 billion in cash proceeds, Charlotte, North Carolina-based Bank of America said today in a statement, without identifying buyers. It's keeping a 5 percent stake in CCB, and the companies are discussing an expansion of strategic ties."
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