The Traderszone Network

Published in TZ Latest News 6 September, 2016 by The TZ Newswire Staff

After investing $13.B, Anbang pauses overseas acquisitions

Anbang Insurance Group plans to take a breather from its acquisition frenzy and play with the $13.5 billion in overseas assets it already has. Anbang, which acquired the Waldorf Astoria hotel last year for $1.95 billion, told Bloomberg that it’s going focus on its existing companies before seeking out new ones. Since 2014, the Chinese insurer has purchased $13.5 billion in overseas assets, including the $6.5 billion purchase of Strategic Hotels & Resorts.

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