Deals
CICC, China Investment Securities Said to Be in Merger Talks
- Two companies had $28 billion of assets at end of 2015
- There’s no certainty deal will take place, people familiar say
CICC, China Investment Securities May Be in Merger Talks
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Investment bank China International Capital Corp. and brokerage China Investment Securities Co., firms with 186 billion yuan ($28 billion) of assets last year, are in talks on a possible merger, people familiar with the matter said.
A transaction is not certain, and the structure of any deal is yet to be decided, the people said, asking not to be identified because the talks are private.