BlackRock, Temasek in Talks on China JV - Bloomberg
December 19 2019 - 9:10PM
Dow Jones News
-- BlackRock Inc. and Temasek Holdings are in talks to start an
asset management business in China along with China Construction
Bank Corp., one of the country's biggest banks, Bloomberg reports,
citing an unnamed source.
-- Both BlackRock and Temasek entered a non-binding agreement
with China Construction Bank Corp. to take a majority stake in the
new unit, reports Bloomberg
--The arrangement would see the firms develop and distribute
products for local Chinese investors, Bloomberg reports.
Full story: https://bloom.bg/2tDxih7
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(END) Dow Jones Newswires
December 19, 2019 20:55 ET (01:55 GMT)
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