Boost for Bg As Chinese Bank Builds 128m Stake ; Market Round-Up
Evening Standard - London › July 31, 2007
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Summary
OIL AND GAS explorer BG Group is the latest UK blue-chip to find a major Chinese investor on its shareholder register during the past few days.
BG shares raced up 281/ 2p to 8041/ 2p as more than 20 million shares changed hands on evidence of stakebuilding by the Peoples Bank of China (PBC). Dealers say the PBC has bought a total of 15.5 million shares (0.46% of the company), worth on average 128 million.See the full content of this document
Extract
Boost for Bg As Chinese Bank Builds 128m Stake ; Market Round-Up
The PBC is reckoned to have started buying the shares in the market on 15 June, with the last purchases made on 13 July, paying prices ranging from 792p to 877p.
The BG share...See the full content of this document
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