private transaction

Bank of America cuts CCB stake to 1%

The US bank says it has sold 10.4 billion shares through private transactions. Based on the latest market price, the stake is valued at about $7.4 billion.
November 14, 2011

BoA Merrill sells $8.3 billion stake in CCB

The sale of China Construction Bank shares comes on the day that BoA Merrill's lockup expires and is done through a private transaction with a group of undisclosed investors.
August 29, 2011