Chinese banks bid for Germany lender

Updated 2018-02-14 10:50:03

Bank of China (BOC) and Industrial and Commercial Bank of China (ICBC) are among the potential bidders for German transport finance lender DVB Bank, three sources familiar with the matter said.

The preliminary expressions of interest by two of China's leading lenders follow a wider push by Chinese companies to invest in assets in Europe, especially in Germany.

In December, sources said that German cooperative lender DZ Bank planned to sell its subsidiary DVB, which finances ships, aircraft, offshore oil rigs and the rail industry. The sale process is in its early stages.

The sources, who declined to be identified due to the sensitivity of the matter, said that both Bank of China and ICBC are working on pitches. One source said they are expected to present initial proposals this month.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 23 2018 08:54:14

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 23 2018 08:54:14

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 23 2018 08:54:14

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords