News - China: Eurizon Financial Group Buys 19.9% Stake in Life Insurer
Source: Asia Insurance Review | May 2007
Eurizon Financial Group, an Italian-based consortium, has acquired a 19.9% stake in Union Life Insurance for €800 million (US$1.07 billion), making the latter the most expensive insurer for overseas investors, with each share valued at 6.5 yuan (US$0.84).
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