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China expands further into commodity trading with London bank buy

Frik Els | January 31, 2014 | 11:04 pm Energy Precious Metals Africa China Europe Coal Gold Iron Ore 

The world's largest bank in terms of market value and assets under management, Industrial and Commercial Bank of China is buying the London commodities-focused arm of South Africa's Standard Bank. ICBC is paying $765 million for 60% of the London...

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