AIA said to near deal for Bank of East Asia’s life insurance arm

AIA said to near deal for Bank of East Asia’s life insurance arm

A branch of the Bank of East Asia is seen in Singapore. REUTERS/Pablo Sanchez

AIA Group Ltd. is nearing a deal to buy the life insurance unit of Bank of East Asia Ltd., the Hong Kong-based lender whose shareholders include Paul Singer’s Elliott Management Corp., according to people familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter