Vogo to exit South Korea's Tong Yang Life to China insurer in $1b deal
South Korean GP Vogo Investment is exiting its majority stake in Tong Yang Life Insurance to China's Anbang Insurance Group in a KRW1.13 trillion ($998 million) deal.
Anbang will buy a 63% stake in the business, acquiring 67.8 million shares at KRW16,700 a share. The sellers include Vogo - which holds a 57.5% stake - and two other minority investors: Taiwanese Yuanta...
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