China's Anbang picks JPMorgan to run sale of its Dutch insurance arm Vivat

China's Anbang picks JPMorgan to run sale of its Dutch insurance arm Vivat

Anbang Insurance. Photo: Bloomberg

China’s Anbang Insurance Group has picked JPMorgan to manage the 1.4-1.8 billion euro ($1.6-$2 billion) sale of its Dutch insurance arm Vivat, two people familiar with the matter told Reuters.

The Chinese government has been considering the sale of Anbang’s overseas real estate and insurance assets, which include Belgian insurer Fidea, since it took control of the troubled company in February.

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