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Daily Briefing: Fortunes in China for Fortis

Started by Joelle, March 14, 2008, 02:01:23 PM

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Joelle

Daily Briefing: Fortunes in China for Fortis
      


China’s Ping An Insurance, the country’s second-largest life insurer, is in the final stage of talks to buy a major stake in the asset management arm of Belgian-Dutch financial group Fortis, according to two sources with direct knowledge of the situation. Fortis is eager to bolster its financial position after announcing earlier this month that [...]
         

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