AIA to acquire 25% stake in China Post Life Insurance for $1.9b

AIA to acquire 25% stake in China Post Life Insurance for $1.9b

AIA Group Ltd has agreed to buy a 24.99% equity stake in China Post Life Insurance Co., Ltd., for 12 billion yuan ($1.86 billion), the Asia-focused insurer said in a stock exchange filing on Tuesday.

Bring stories like this into your inbox every day.

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