China Construction is trying to capitalize on the growing presence of Chinese companies in Brazil, and acquiring a bank is the easiest way for the Beijing-based lender to obtain a license there, the person said. State companies including China National Petroleum Corp. and Cnooc Ltd. won a concession to develop Brazil’s biggest oil discovery in the Libra oilfield auction on Oct. 21, partnering with Petroleo Brasileiro SA, Royal Dutch Shell Plc and Total SA.
Source: Sinocism China news
Source: Sinocism China news
