China Construction Bank open to foreign acquisitions
CANCUN, Mexico, April 15 (Reuters) - China Construction Bank (0939.HK) is interested in foreign acquisitions, although it is not pursuing talks with any possible targets, Chairman Guo Shuqing said on Tuesday.
Guo told Reuters at a regional meeting of the World Economic Forum in the Mexican resort of Cancun that China Construction Bank, China's second-largest lender by assets, had eyed several U.S. banks for possible tie-ups.
When asked if he was interested in U.S. and Latin American banks, Guo said, "Yes."
Guo said last week the bank was actively seeking appropriate opportunities for overseas acquisitions, the official China Securities Journal reported on Monday.
The bank, which is 8.5 percent-owned by Bank of America Corp (BAC.N), has also said it would set up a committee including its chairman, president and several board members to make decisions on overseas acquisition investments. (Reporting by Noel Randewich; Editing by Braden Reddall)









