IPOs & Markets
The development comes only six months after the contract drugmaker went public in China.
The luxury hotel portfolio is owned by Anbang Insurance Group.
At $35 billion, the volume of Chinese outbound M&A is the lowest tally for the first six months of the year since 2013.
PE firms Hillhouse Capital, KKR and Blackstone were among parties considering bids for the Nexon stake earlier in the process.
The latest flurry of talks signals the empire, led by billionaire founder Guo Guangchang, is preparing to ramp up the size of the deals.
Everest’s share sale could raise $200-300 million.
A deal could value MetLife Hong Kong at less than $400 million.
The share sale could happen as soon as this year.
The massive protests in Hong Kong against an unpopular China-backed extradition legislation contributed to investor unease.
Potential investors could include buyout firms and regional healthcare companies.
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