Anbang Denies Report It’s Considering a Bid for InterContinental
- Sunday Times reported Chinese insurer is weighing an offer
- Anbang withdrew $14 billion offer for Starwood Hotels in March
Sunlight reflects off of the gold coloured dome of the InterContinental Hotel Davos, operated by InterContinental Hotels Group Plc (IHG), ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, Jan. 18, 2016. World leaders, influential executives, bankers and policy makers attend the 46th annual meeting of the World Economic Forum in Davos from Jan. 20 - 23.
Photographer: Matthew Lloyd/BloombergAnbang Insurance Group Co., which tried to buy a U.S. hotel company in March, denied a report that it’s considering a bid for U.K.-based InterContinental Hotels Group Plc, owner of the Holiday Inn and Crowne Plaza brands.
Anbang has no plans to make a bid and is not considering an offer for InterContinental, said Chris Winans, a spokesman for Anbang at the public relations firm Hill & Knowlton Strategies. He declined to make any further immediate comment.