Sunday, 22 July 2007

UPDATE 1-Barclays seeks China, Singapore funds in ABN buy-report

(Reuters) - Citing unidentified banking sources, the BBC said on its
Web site www.bbcnews.com that if the talks succeeded, China
would hold a 7 percent stake in the merged bank, while
Singapore would own 3 percent through its investment holding
company, Temasek [TEM.UL].




The Wall Street Journal, citing people familiar with the
matter, said Barclays was close to an agreement to sell what it
described as a large stake to Temasek and another investor to
help back its bid for ABN.


Read more at Reuters.com Mergers News

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