Allianz, AmEx sell ICBC stock (Dealscape

American Express Co. and Allianz AG have each sold about half their stakes in the Industrial and Commercial Bank of China, netting what press reports put at a collective $1.9 billion.

German insurance company Allianz and the U.S. credit card company sold Shanghai-listed ICBC stock at HK$3.86 (50 cents) per share, or at a 4% discount to the stock's Monday close, The Wall Street Journal and Reuters said, each citing a source.

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NOT A SUBSCRIBER? Allianz, AmEx sell ICBC stock Posted on April 28, 2009 12:30 PM American Express Co. and Allianz AG have each sold about half their stakes in the Industrial and Commercial Bank of China, netting what press reports put at a collective $1.9 billion. German insurance company Allianz and the U.S. credit card company sold Shanghai-listed ICBC stock at HK$3.86 (50 cents) per share, or at a 4% discount to the stock's Monday close, The Wall Street Journal and Reuters said, each citing a source. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 318 articles related to Allianz AG 274 in-depth reports of Auctions in the Financial Services sector 166 company pages related to China 73 articles related to the Industrial and Commercial Bank of China 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Idearc Inc. Skadden Arps Deutsche Bank Concho Resources Windstream Corp. Cantor Fitzgerald Pinnacle Foods Lazard Diedrich Coffee MBIA Inc.		EXISTING USERS Username Password Forget your password? Missing a product?

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