But Iowa's Fidelity says the withdrawal isn't final, expects Chinese insurer to refile buy application in "near future"
Fri, Jun 03, 2016 - 5:50 AM
Anbang Insurance Group has struck a remarkable spate of deals including an agreement two years ago to buy the Waldorf Astoria hotel in New York.
ANBANG, a politically connected Chinese insurer, has hit a bump in its effort to buy an insurance company in Iowa for US$1.57 billion, the latest setback to its multi-billion-dollar global shopping spree.
Anbang Insurance Group has struck a remarkable spate of deals...