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Bank of Ningbo to acquire a 70% stake in consumer finance unit of China Huarong Asset Management for $172m.

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Principals

BANK OF NINGBO

bidder

BANK OF NINGBO

CHINA HUARONG ASSET MANAGEMENT (CONSUMER FINANCE)

target

CHINA HUARONG ASSET MANAGEMENT (CONSUMER FINANCE)

CHINA HUARONG ASSET MANAGEMENT

vendor

CHINA HUARONG ASSET MANAGEMENT

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MergerLinks - Request Credit - Bank of Ningbo to acquire a 70% stake in consumer finance unit of China Huarong Asset Management for $172m.