Goldman buys into major Chinese insurer
One year after the private equity arm of Goldman Sachs set its sights on a sizable minority stake in Chinese insurance major Taikang Life Insurance, Goldmans PIA has finally closed the deal, thus marking its latest foray into the PRC’s booming sector.
Goldman Sachs officially acquired its 12.02% stake in Taikang this week, buying its share from French insurance giant AXA for an estimated $925 million, according to the Wall Street Journal. AXA overall...
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