BOC BECOMES FIRST CHINESE BANK TO INVEST IN EUROZONE LENDER

October 15, 2008 | BY

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Bank of China has acquired a 20% stake in La Compagnie Financière Edmond de Rothschild, a provider of private banking, asset management and advisory services…

Bank of China has acquired a 20% stake in La Compagnie Financière Edmond de Rothschild, a provider of private banking, asset management and advisory services in Europe. This is the first strategic investment deal to be made between a Chinese and a Eurozone bank.

Freshfields Bruckhaus Deringer advised La Compagnie Financière Edmond de Rothschild, while Allen & Overy advised Bank of China.

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