An Asian Angle in the ABN Amro Drama

An investment by China Development Bank and Singapore's Temasek gives Barclays the financial ammo to hike its bid for ABN Amro to $93.4 billion

Heads turned in May when the Chinese government invested $3 billion of its $1.3 trillion stockpile of foreign reserves for a nearly 10% stake in the Blackstone Group (BX), the U.S. private equity firm founded by Stephen Schwarzman and Peter G. Peterson. Now, Beijing has just stormed into the world's biggest-ever bank takeover drama, for the Dutch financial group ABN Amro Holding (ABN).

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