Tuesday, April 28, 2009

Allianz, American Express unload ICBC H-shares

HONG KONG, April 28 (Reuters) - Industrial and Commercial Bank of China <1398.HK><601398.SS>, the world's biggest bank by market value, said on Tuesday Allianz <ALVG.DE> and American Express <AXP.N> had sold shares in the Chinese lender.

Allianz sold 3.22 billion ICBC H-shares and American Express sold 638.06 million through private sales, ICBC said in statements.

Allianz holds 3.87 percent of ICBC's H-shares after its share sale and American Express continues to hold 638.06 million, the bank added.

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