Deals
China Insurers Seen Trailing Japan Rivals in Hunt for U.S. Deals
- Citigroup’s Chawla says not so straightforward with insurers
- Sellers need to be sure bidders can win regulatory approval
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The growth ambitions of China’s insurers could be hindered by the opaque structures of some of the companies when they pursue acquisitions in international markets, a banker at Citigroup Inc. said.
"It is not that straightforward with Chinese companies,” Gautam Chawla, co-head of the global insurance group at Citigroup Inc., said Wednesday at a conference in New York held by Reactions magazine. “The level of transparency that we are used to is not the same level of transparency that they are used to.”