China Plans to Sell Controlling Stake of Revamped Anbang (Now Called Dajia) for $5.2B

Two Chinese state investors plan to sell a combined 98.78% of their stakes in Dajia Insurance Group, the revamped entity of embattled Anbang Insurance Group, for 33.6 billion yuan ($5.19 billion), according to an auction filing on Friday. China Insurance …

from News – Insurance Journal https://ift.tt/36HsNSS