UBS, Temasek, others buy 15% in China's PSBC for $8b in pre-IPO round

UBS, Temasek, others buy 15% in China's PSBC for $8b in pre-IPO round

Visual from the company website

State-owned PostalSavings Bank of China (PSBC) is expected to unveil soon the sale of a 15 percent stake to a group of investors for about $8 billion, ahead of a planned IPO in Hong Kong in 2016, IFR reported on Wednesday citing people familiar with the plans.

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