Subject: M&A Page 61 / 69
-
- March 7 2016
Zurich Australia buys Macquarie’s life business
The Swiss insurer has paid a still undisclosed amount for the acquisition, which is due to close in the second half.
-
- March 2 2016
China Life pays US$3bn for stake in China Guangfa Bank
The Chinese insurer will buy the 20% holding from Citi and IBM in an effort to boost its financial services business.
-
- February 26 2016
Chinese bidders queue up for Allianz Korean life business
Fosun and Anbang are reportedly showing interest in the asset, which is said to be worth US$500 million.
-
- February 26 2016
Chinese developer eyes HK’s Dah Sing Life Assurance
Country Garden has joined China Life and other bidders for Dah Sing Financial's insurance arm.
-
- February 25 2016
Zurich denies rumours of Singapore, HK sale
The Swiss insurer is not considering the sale of its businesses in the two cities, contrary to market rumours.
-
- February 25 2016
Anbang joins bid to buy Hyundai Securities
The Chinese insurer is up against Fosun Group and Korean firms KB Financial and Korea Investment & Securities.
-
- February 23 2016
India considers automatic FDI approval
The government is reportedly looking at automatic approval for 49% ownership for foreign direct investments.
-
- February 22 2016
PE firm to sell ING Life Korea for US$1.63bn
MBK Partners has reportedly attracted interest from Hanwha Life Insurance and Kyobo Life Insurance.
-
- February 18 2016
Philippines approves Allianz-PNB bancassurance deal
The Philippines Insurance Commission has approved the 15-year deal to create Allianz PNB Life Insurance.
-
- February 18 2016
Fosun cancels US$462m acquisition of Israeli insurer
The Chinese company says that conditions in global markets forced it to terminate the acquisition.
-
- February 16 2016
CRRC buys US$676m stake in China United
State-owned China Railway Rolling Stock Corporation has bought a 13.06% stake in the Shenzhen-based insurer.
-
- February 11 2016
Meiji Yasuda’s US$5bn StanCorp acquisition approved
The Japanese life insurer has reportedly won regulatory approvals in the US and Japan for its landmark acquisition.
-
- February 5 2016
Dah Sing’s US$1bn insurance asset lures Chinese firms
More than 20 Chinese property developers and other firms have shown strong interest in bidding.
-
- February 4 2016
Indonesia’s legislators seek limits on foreign ownership
No decision yet on threshold, says OJK, but existing majority owners are hoping for an exemption.
-
- February 4 2016
China’s iKang acquires 45% stake in NCI Health
Under the deal, NCI and iKang will serve customers across 100 medical centres in China.
-
- February 3 2016
Japanese majors complete London acquisitions
Mitsui Sumitomo and Sompo Japan have formally closed deals to acquire Amlin and Canopius.
-
- February 1 2016
Samsung Life buys US$1.27bn Samsung Card stake
The acquisition raises its stake in the credit card business to 71.8%, the two companies said in a disclosure.
-
- January 29 2016
More big M&A deals expected from China and Japan in 2016
Insurers are planning more deals this year on the back of low interest rates and cheap capital.
-
- January 21 2016
Anbang seeks more investment opportunities in NY
After paying nearly US$2bn for the Waldorf Astoria hotel, the group says it has plans for more investments.
-
- January 18 2016
China United Insurance US$1bn Hong Kong IPO rumoured
The state-backed insurer is reportedly planning to raise about US$1bn in the second quarter.
