JD Capital to acquire Ageas’ HK life insurance unit for $1.4b
Chinese private equity firm JD Capital has agreed to buy Ageas’ Hong Kong life insurance business for HK$10.68 billion ($1.38 billion).
The sale comes as Europe-headquartered Ageas refocuses its Asian business on faster-growing emerging markets in the region, notably Malaysia, China, Thailand, India, the Philippines and Vietnam. It purchased...
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