China Post Life Seeks $2.2 Billion in Stake Sale
- Postal service’s insurance arm is working with advisers
- China directed state-owned firms to introduce other investors
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The life insurance arm of China Post Group Co. is seeking to raise about 15 billion yuan ($2.2 billion) from investors to broaden the state-backed firm’s ownership, people with knowledge of the matter said.
China Post Life Insurance Co. is working with advisers on the stake sale and has approached potential suitors, the people said, asking not to be identified as the matter is private.