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BEA Sells Life Insurance Biz for $653 Million to AIA

by bondevalue | Mar 25, 2021 | Hong Kong, Investment Grade Bonds

Hong Kong-based banking major Bank of East Asia (BEA) announced the sale of its life insurance unit to insurance giant AIA for HKD 5.07bn ($653mn). As per SCMP, the transaction is the result of a strategic review called for by activist shareholder Elliott Management,...

BEA Sells Life Insurance Biz for $653 Million to AIA

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