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COPYRIGHT 2006 Asia Pulse Pty Ltd
Repeating to correct first paragraph.
BEIJING, Jan 30 Asia Pulse - Goldman Sachs, American Express and Allianz Group have paid a combined US$3.78 billion for a stake in Industrial and Commercial Bank of China (ICBC), the country's biggest bank in terms of assets, in a new, aggressive effort to help overhaul China's weak financial sector.
ICBC signed an agreement with the trio of investors in Beijing, completing the largest-ever amount of foreign investment in China's banking industry, that awaits...
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