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CCB denies acquisition

Source:Global Times Published: 2012-9-19 0:00:06

China Construction Bank (CCB)denied media reports that it may make moves to acquire banks in Europe, Hong Kong Economic Times reported Tuesday.

"It is untrue that CCB would spend some $15 billion to buy banks in Europe," the report said, citing a spokesperson from CCB.

Financial Times said Monday that CCB is expected to complete a bank acquisition within the year.

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