HONG KONG, April 28 (Reuters) - Allianz <ALVG.DE> and American Express <AXP.N> sold shares in Industrial and Commercial Bank of China <1398.HK><601398.SS> at 4 percent discount to the Monday closing price of the Chinese lender.
Allianz and American Express had sold the ICBC H-shares at HK$3.86 per share, compared with the closing price of HK$4.02 on Monday, a source with direct knowledge of the deal said on Tuesday.
Allianz sold 3.22 billion ICBC H-shares and American Express sold 638.06 million shares to a select group of investors through private sales, ICBC said in statements.
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