Insurance Post

Anbang agrees deal to buy Delta Lloyd Bank Belgium

Handshake in London

Chinese financial services company Anbang Insurance has reached an agreement to buy Delta Lloyd Bank Belgium from Dutch financial group Delta Lloyd for €219m.

The deal forms the next stage of its European expansion, following the acquisition of fellow Belgian insurer Fidea, from US private equity firm JC Flowers, in October 2014.

Beijing-based Anbang has

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