Chinese banks to finance $800m OmniVision acquisition

Bank of China and China Merchants Bank are arranging a $800 million loan to fund a Chinese consortium’s acquisition of Nasdaq-listed OmniVision.

Chinese banks to finance $800m OmniVision acquisition

Bank of China and China Merchants Bank are arranging a loan facility of about $800 million to finance a Chinese consortium's $1.9 billion acquisition of US-listed OmniVision Technologies, according to two sources familiar with the matter.

The Chinese consortium comprises Beijing-based Hua Capital Management, Citic Capital and Goldstone Investment, a subsidiary of Citic Securities. Bank of China is the mandated lead arranger and sole bookrunner and China Merchants Bank is the lead arranger....

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