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  • October 26, 2014
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  1. Business - Companies - ACQUISITIONS

    Waldorf deal by Chinese insurer Anbang comes under US review

    Posted Oct 15th 2014, 01:38pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com A week after the US$1.95 billion sale of the Waldorf Astoria Hotel in New York to China’s Anbang Insurance Group was announced, the deal has come under ... is a first on many levels – the largest real estate acquisition by a Chinese company, the first acquisition of a hotel of this stature, the first big purchase by a Chinese insurance company outside ...

  2. Business - Companies - ACQUISITIONS

    Fosun acquires 20pc of Ironshore for US$463.83m as it continues insurance push

    Posted Aug 18th 2014, 10:04am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Shanghai-based Fosun International has stepped up its investment in the global insurance industry with the announcement that it is acquiring a 20 per cent ... and Singapore. Fosun chairman Guo Guangchang said the deal would further expand the group’s insurance business and strengthen its ability to access long-term, high-quality capital. Fosun has been seeking ...

  3. Business - Companies - ACQUISITIONS

    Dai-ichi Life looks to buy US insurer Protective Life

    Posted Jun 03rd 2014, 01:30am by Reuters

    ... Reuters in Tokyo Deal-hungry giant in talks for Protective Life, a source says, with a tipped US$5b-plus price tag ranking as the biggest move by a Japan insurer Dai-ichi Life looks to buy U.S. insurer Japanese insurer Dai-ichi Life is in advanced talks to buy Protective Life of the United States in a deal that could be worth more than US$5 billion, a source said yesterday. ...

  4. Business - Companies - ACQUISITIONS

    Fosun’s Portuguese unit top bidder for hospital operator Espirito

    Posted Sep 23rd 2014, 11:17am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Fidelidade-Companhia de Seguros, a Portuguese insurer subsidiary of Fosun International, China’s biggest listed privately owned conglomerate, has offered to take ... billion on overseas investments, including in majority stakes of three erstwhile state-owned Portuguese insurance firms and a HK$3.2 billion takeover offer of Australia-listed oil and gas firm Roc ...

  5. Business - Companies - ACQUISITIONS

    Manulife to buy Standard Life’s Canadian operations for C$4b

    Posted Sep 04th 2014, 09:33am by Reuters

    ... expands the insurer’s presence in Quebec. The Toronto-based insurer, already Canada’s largest, said the transaction would boost earnings after the first year and more than double its presence ... the access and growth opportunities in Quebec were a huge bonus. “Quebec is a market that has been to an extent ignored by a lot of the large Canadian insurers, so this deal gives Manulife a quick ...

  6. Business - Companies - ACQUISITIONS

    Fosun shrugs off debt concerns as it looks for more overseas acquisitions

    Posted Aug 22nd 2014, 09:28am by Toh Han Shih

    ... including €1 billion (HK$10.3 billion) to acquire majority stakes in three Portuguese state-owned insurance firms. Zhong declined to comment on reports that Fosun was seeking to buy US insurer Aurora National Life Insurance for up to US$500 million from Swiss Re. Fosun's most recent overseas acquisition was a 20 per cent stake in US insurer Ironshore for US$468.83 million, which ...

  7. Business - China Business - ACQUISITIONS

    Fosun pays HK$12.7b for three Portuguese insurance firms

    Posted Jan 11th 2014, 01:21am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Fosun acquires three Portuguese insurers for €1.21b Fosun International, a Hong Kong-listed investment company, has beaten a US firm to acquire three Portuguese state-owned insurers for €1.21 billion (HK$12.76 billion). The Shanghai-based company's share price rose 4.97 per cent to HK$7.61 in heavy trading yesterday. Fosun said yesterday ...

  8. Business - Companies - ACQUISITIONS

    Fosun’s debt-fuelled shopping spree worries analysts

    Posted Aug 05th 2014, 02:57pm by Toh Han Shih

    ... acquisitions like its €1 billion (HK$10.4 billion) deal to buy three Portuguese state insurers in May," said Hu Kai, a senior credit officer at Moody's. In May, Fosun completed its €1 billion acquisition of 80 per cent of three Portuguese state-owned insurers, Fidelidade-Companhia de Seguros, Multicare-Seguros de Saude and Cares-Companhia de Seguros, beating an offer from Apollo Global ...

  9. Business - Companies - ACQUISITIONS

    Fosun joins Tom Tailor management in buying 23pc of German firm

    Posted Aug 01st 2014, 02:02am by Toh Han Shih

    ... Fidelidade-Companhia de Seguros, the largest Portuguese insurance firm. The previous owner of the 23.16 per cent stake in Tom Tailor was a Liechtenstein company, Versorgungs und Förderungsstiftung. This is Fosun's fifth overseas investment since May, when it bought 80 per cent of three Portuguese insurance firms, including Fidelidade, for a total cost of €1.04 billion. Tom Tailor has a convincing ...

  10. Business - Companies - ACQUISITIONS

    AXA buys into Shanghai car insurer Tianping

    Posted Apr 25th 2013, 12:00am by Kwong Man-ki

    ... players AXA buys into car insurer Tianping European insurer AXA is a step closer to becoming the largest foreign property and casualty insurer in China after agreeing to buy half of Chinese motor insurer Tianping Auto Insurance for 3.9 billion yuan (HK$4.9 billion). AXA, headquartered in France, said yesterday it had agreed to pay 1.9 billion yuan for a 33 per cent stake in Tianping from ...




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