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The Agricultural Bank of China (FERRY) is going to receive an injection of capital of an amount of 19 billions of dollars from the sovereign fund of the country, announced Wednesday a vice-governor of the bank.
Central Huijin Investment Ltd., An unit of Investment Corp. Dyed it., Will inject this sum in liquid, an amount equivalent to 130 billions of yuan, in the bank, indicated Flap Gongsheng, vice-governor of the ferry, at the time of a press conference.
Central Huijin Investment Ltd. and the ministry of Ministry of Finance will detain each an involvement of 50% in the bank.
The technical preparations in view of the first public call to the saving (IPO) of the bank will end to the second semester 2009, he / it has revealed, adding that the specific calendar and the place of the IPO were not yet fixed.
The announcement has been published the following day of the approval in principle by the Chinese government of the project of restructuring of the ferry, that will open the way to the call of public saving of the last of the four big commercial banks of state.