China’s Ping An buys Fortis stake for $2.7 billion


China’s Ping An buys Fortis stake for $2.7 billion

HONG KONG (Reuters)? Ping An Insurance (Group) Co, China's No.2 life insurer, bought a 4.2 percent stake in Dutch-Belgian financial services firm Fortis for $2.7 billion, the latest overseas investment by a Chinese financial firm. The deal, which makes Ping An the top shareholder in Fortis, is...

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