Haitong Securities (600837.SH) to purchase equities of Portuguese bank BESI
BEIJING, Dec. 9 (Xinhua) -- Haitong Securities (600837.SH) announced on late Monday that its subsidiary Haitong International Holdings Limited had signed an agreement with the Portuguese bank Novo Banco to purchase the latter's investment banking unit BESI for 379 million euros.
According to the agreement, BESI will become a direct subsidiary of Haitong International Holdings Limited, and an indirect subsidiary of Haitong Securities Co., Ltd. after the acquisition
BESI provides financial products and services in Portuguese market and other regions in the global market. (Edited by Ma Xin, firstname.lastname@example.org)