NEW YORK (Reuters) - Bank of America Corp is selling 13.1 billion shares of China Construction Bank to a group of investors for $8.3 billion of cash, the bank said on Monday.
The deal represents about half of Bank of America's holdings in CCB, reducing its stake to about 5 percent of the Chinese lender's outstanding shares.
After the deal was announced, Bank of America shares were up 3.6 percent at $8.04.
(Reporting by Lauren Tara LaCapra; Editing by Derek Caney)
