Chinese regulators have effectively blocked the Citigroup-led consortium that wants to take control of Guangdong Development Bank, by refusing to change the rules on foreign investment. The decision poses a dilemma for Citigroup, which will have to decide whether to submit a fresh proposal in which it cedes control.
China Regulators Block Citigroup Bid For Guangdong Development Bank
Chinese regulators have effectively blocked the Citigroup led consortium that wants to take control of Guangdong Development Bank, by refusing to change the rules on foreign investment. The decision poses a dilemma for Citigroup, which will have to decide whether
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