国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

BIZCHINA> News
Ping An and Fortis reach final deal
(Xinhua)
Updated: 2008-04-05 10:14

Ping An Insurance, a major Chinese insurer, has acquired a 50-percent stake in the Belgian-Dutch financial services provider Fortis' asset management unit, Fortis Investments, for 2.15 billion euros ($306.29 million).

Ping An and Fortis officially signed the final agreement in the south China city of Shenzhen to formally establish a global asset management partnership.

Ping An said the deal would significantly advance its strategy to establish a global asset management business and a qualified domestic institutional investor (QDII).

Fortis group chief executive Jean-Paul Votron said Fortis and Ping An shared a common strategic approach that included global ambitions. The combination of the two strong brands with the same strategic aims would bring significant added value to both sides.

Shenzhen-based Ping An bought 4.18 percent of Fortis group for 1.81 billion euros in November last year, later increasing the stake to 4.99percent. The purchase, through the stock markets, made Ping An the biggest single shareholder of Fortis.

The final agreement confirms the principal terms set out in the memorandum of understanding, which was signed in March. Fortis Investments will be re-named Fortis-Ping An Investment Management Group Holdings Ltd.

Fortis hired Merrill Lynch to advise on the sale of a stake in the unit, while JP Morgan is representing Ping An.

Fortis, based in Brussels and the Dutch city of Utrecht, is an international provider of banking and insurance services to personal, business and institutional customers.

Ping An Insurance's net profit jumped 140 percent last year on record premium revenues. Net income hit 18.7 billion yuan ($2.67 billion) under international accounting standards.

"The deal marks a closer cooperation between Ping An and Fortis. Ping An is to take the good opportunity establish the global asset management platform, and to become a world leading asset management company," said chief executive Ma Mingzhe.


(For more biz stories, please visit Industries)

 

 

英德市| 高安市| 南丹县| 南部县| 翁源县| 兰州市| 泸州市| 龙口市| 吴江市| 沁源县| 类乌齐县| 云南省| 茌平县| 霍邱县| 闻喜县| 雅江县| 南昌市| 凤山市| 鄢陵县| 峨边| 双峰县| 冀州市| 仁化县| 广宗县| 龙山县| 寿阳县| 兰考县| 洛浦县| 射阳县| 华阴市| 宁武县| 沁阳市| 习水县| 沙河市| 敦化市| 修文县| 彩票| 淄博市| 涪陵区| 张掖市| 朝阳市|