Bank of Montreal near Chinese Fullgoal JV

Mar 25, 2003

The Canadian bank is looking to become an equal partner vis-a-vis Fullgoal''s existing five shareholders.

The Bank of Montreal is negotiating to take an approximately 15% stake in Shanghai-based Fullgoal (Fuguo) Fund Management, according to sources familiar with the deal. "Bank of Montreal will take a small stake sometime in the middle of the year," says a person following the talks. The Chinese and Canadian governments have recently signed a memorandum of understanding, confirming an earlier MOU between Fullgoal and Bank of Montreal.

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