Manulife comes of age in Asia with China JV
The Canadian insurer gets a head-start in China by buying a 49% stake in the ABN Amro Teda Fund Management joint venture from BNP Paribas.
After a long struggle that started in April last year, a 49% stake in China joint venture ABN Amro Teda Fund Management has finally found a new owner. Canadian insurance group Manulife said yesterday it has signed an agreement with Fortis Bank -- now part of French bank BNP Paribas -- to buy the holding for €105 million, subject to approval by the China Securities Regulatory Commission.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.