Deals
Investment Bankers Line Up to Dismantle Anbang's Global Empire
- Once-acquisitive insurer prepares to unravel buying binge
- Advisers pitched Anbang in Beijing earlier this month
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Investment banks are lining up to manage potential divestments by Anbang Insurance Group Co., the once-acquisitive Chinese insurer that snapped up assets around the world before being seized by the government.
Officials from Anbang and the Chinese banking and insurance regulator are interviewing advisers to arrange the sale of parts of the insurer’s portfolio, people with knowledge of the matter said, asking not to be identified because the information is private. Some bankers were in Beijing earlier this month to pitch for the work, according to one of the people.