Bank of America Corp. (BAC) will almost double its stake in state-owned banking giant China Construction Bank Corp., and will control nearly 20% of China’s second-largest bank when the deal is finalized.

Bank of America received $15 billion from the U.S. government as part of a $250 billion banking-sector rescue package

Following the purchase, Bank of America would own 44.7 billion of the Class “H” shares of China Construction Bank, worth roughly $24 billion