China's CITIC, Bear Sterns plan to increase stake in each other

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China's CITIC, Bear Sterns plan to increase stake in each other

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14-02-2008, 09:12 AM

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China's CITIC, Bear Sterns plan to increase stake in each other

U.S. investment bank Bear Sterns and CITIC Securities, China's largest securities firm, are to revise a share swap agreement, increasing the stake in each other, according to sources close to the deal.

Ongoing talks are now focused ...

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