Bank of China Ltd. (3988.HK) agreed to acquire shares in 15 village banks held by China Development Bank for 978 million yuan ($141.9 million).
The Chinese lender said after trading hours Thursday that the sale was publicly offered at Beijing Financial Assets Exchange Co.
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Bank of China said it plans to raise its stake in the 15 village banks and is in talks with other shareholders of the lenders.
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(END) Dow Jones Newswires
April 27, 2017 05:09 ET (09:09 GMT)