Banking News
- ICBC eyes Travelex
Date: 10-May-2007 Sources: (Xinhua Online)
Industrial & Commercial Bank of China Ltd, the nation's largest, is in preliminary talks to buy Travelex Ltd, the privately owned operator of the world's biggest airport currency-exchange network, the South China Morning Post said, citing people close to the Chinese lender.
ICBC President Yang Kaisheng and Travelex Chairman Lloyd Dorfman have led several rounds of talks in Hong Kong and Beijing since late last year, the report said.
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