World, As Seen from the most beautiful islands: Ireland and Cyprus

Chinese authorities intend to sell Anbang/Dajia


The Chinese government wants to sell the former Anbang partially or completely. It was reported by The Financial Times based on insiders. Beijing took over control of the former owner of insurer Vivat two years ago, after CEO Wu Xiaohui had been put in jail for suspicion of fraud.

Anbang, recently renamed Dajia Insurance, was until recently one of the most active Chinese companies on the takeover path. In addition to Vivat, it acquired numerous banking, insurance and real estate companies. In addition, the company also built up a huge debt mountain. Concerned Chinese authorities then intervened with a rescue of converted billions of euros.

Dajia Insurance has since divested many parts. In addition to the sale of Vivat in June to NN and investor Athora, the company also sold, for example, hotels worth $ 5.8 billion. In China, the company still has a large insurance branch and bank licenses. Dajia Insurance also has real estate in Canada, a South Korean insurer and the Waldorf Astoria hotel in New York.

Written by: Liam O'Reilly

Liam O'Reilly is the founder of the publication, a former analyst at a major reputation agency in the UK, who chose Cyprus as his home.

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World, As Seen from the most beautiful islands: Ireland and Cyprus

From Trinity st. to Limassol, Cyprus

Ireland and Cyprus have one thing in common. The most beautiful islands are divided. Even proportions are strikingly similar. Both nations strive for unity and a good glass of the news. More about us under the link.

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