An­bang to buy Al­lianz units for $3 mil­lion

China Daily (Canada) - - BUSINESS -

China’s An­bang In­sur­ance Group has signed an agree­ment to buy Al­lianz SE’s South Korean life in­sur­ance and in­vest­ment units for more than $3 mil­lion, the two com­pa­nies an­nounced onWed­nes­day. The trans­ac­tion fol­lows an ex­ten­sive re­viewby An­bang to secure longterm growth for Al­lianz Life In­sur­ance Korea and Al­lianz Global In­vestors Korea, said the state­ment.

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