Chinese Investment Bank Drops $942M On 80% CLSA Stake
CITIC's wholly owned subsidiary CITIC Securities International Co. Ltd. will acquire CLSA from Credit Agricole Corporate & Investment Bank in an all-cash transaction. CITIC Securities had acquired 19.9 percent of the Hong Kong-based brokerage in July for about $310 million.
The overall deal valued CLSA at more than...
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