Anbang investments News

China’s Debt-Ridden Anbang Insurance Aims to Sell $200M of Japan Real Estate: Sources

Anbang Insurance Group Co. Ltd. aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said. …

China’s Anbang to Sell Overseas Properties Worth $10B in Ongoing Rescue: Sources

China’s Anbang Insurance Group Co. Ltd. is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with knowledge of the matter said. The sales are likely …

China’s Anbang Weighs Sale of Hexie Health Insurance: Sources

Anbang Insurance Group Co. is weighing a sale of its Hexie Health Insurance Co. unit as the troubled Chinese firm reviews its assets for possible divestment, according to people familiar with the matter. The insurer is in discussions with financial …

Anbang Insurance’s $30 Billion in Acquisitions Draw Scrutiny to Its Finances

Founded as a provincial auto insurer, Anbang Insurance burst from obscurity with a $2 billion bid for New York’s Waldorf-Astoria Hotel in 2014, casting the company and its ambitious chairman as flagbearers for a new breed of Chinese dealmakers. But …

Chairman Wu of China’s Anbang Insurance ‘Unable to Fulfill Duties’

Anbang Insurance Group, one of China’s most aggressive buyers of overseas assets, said on Wednesday its chairman was temporarily unable to fulfill his duties, just over a week after denying reports he had been barred from leaving the country. The …

China’s Anbang Insurance Bullish on Investing in Europe

The chairman of China’s privately-held Anbang Insurance Group said at the China Development Forum on Saturday he is bullish on investing in Europe despite great uncertainty over issues including refugees, economic challenges and rising populism. Europe has “very cheap assets” …

China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources

China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets from Blackstone Group, two people involved in the discussions said, in what would be Japan’s biggest property deal since the …

China’s Anbang Insurance Set to Buy Toronto Tower for at Least $395M: Source

China’s Anbang Insurance Group Co. is set to purchase an office and retail tower in downtown Toronto that counts the Government of Ontario as a major tenant, according to people familiar with the deal. Anbang is close to an agreement …