Insurance Post

Fosun and FWD eye Ageas' $1bn Hong Kong operation

hong-kong-island

Chinese conglomerate Fosun and life insurer FWD are attempting to buy Ageas' Hong Kong arm for around $1bn (£638m) according to reports.

According to sources cited by Bloomberg the Belgian-headquartered insurer has reduced proposed buyers to a shortlist and hopes to conclude a sale in about a month's time.

Bloomberg said China Taiping

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