Ping An May Exercise Its Options to Boost Stake in Fortis

Pilla, David
May 2008
Best's Review;May2008, Vol. 109 Issue 1, p14
Trade Publication
The article highlights the plan of the Ping An Insurance Group of China Ltd. to increase its stake in Fortis to 7% shareholdings in China. According to the author, Ping An's original acquisition gives the company certain rights as a shareholder as stated by Fortis. He added that when Ping An has signed a memorandum of understanding to pay 24.02 billion Yuan for 50% of Fortis Investments, both companies became partners in global asset management business.


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