EduBourseActualitésAmerican Express and ICBC Announce the Completion of ICBC Shares Transfer Through...

American Express and ICBC Announce the Completion of ICBC Shares Transfer Through a Private Sale

HONG KONG, April 28, 2009 — American Express has sold its 638,061,116 ICBC H shares of Industrial and Commercial Bank of China (ICBC) to a select group of investors through a private sale. The shares represent the H-shares that become free from lock up today.

American Express continues to hold 638,061,117 H shares in ICBC. Pursuant to the Shareholder Rights Agreement between ICBC and American Express, the lock-up period for the remaining H-shares held by American Express will expire on October 20, 2009.

For further information about this transaction, please see the Form 8-K to be filed by American Express with the Securities and Exchange Commission.

ICBC
ICBC is the largest wholesale and retail bank in China by assets and deposits and is a market leader in many business areas including corporate and personal loans, deposits, mortgages, e-banking, custodian services and inter-bank clearing. It provides a wide range of commercial banking services to corporate and individual customers. ICBC has approximately 16,000 outlets and employs 382,000 people across China. It had total assets of RMB 10.98 trillion at the end of March, 2009.

American Express
American Express Company is a leading global payments and travel company founded in 1850. For more information, visit www.americanexpress.com.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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