ICBC to Take Stake in Standard Bank Argentina

ICBC to Take Stake in Standard Bank Argentina

Argentina M&A

Standard Bank is near to closing on the sale of a 25% stake in its Argentinean operations, according to a banker away from the deal. “It’s a nice size asset for pretty much anyone,” the New York-based banker says, adding that most of the major players in the region had taken a look at the asset prior to it entering one-on-one negotiations with China’s Industrial and Commercial Bank of China (ICBC). “It was a hot asset, frankly,” he says. Santander, Galicia, and Macr

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