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Article: CHINA LIFE INSURANCE SEARCHES FOR GLOBAL PARTNER.
- Article from:
- AsiaPulse News
- Article date:
- January 13, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING, Jan 13 Asia Pulse - China Life Insurance Co, overtaken by rivals in a race for foreign investors, is accelerating its search for a global partner nearly three years after a deal with Citigroup Inc fell through.
Talks with Citigroup over selling a 25 per cent stake stalled over price disputes in 2003, according to two China Life sources, sending the mainland's top life insurer back to the negotiating table with a list of 19 potential candidates.
While China Life has struggled with false starts, fellow insurers Ping
An (Group) Co, China Pacific Life Insurance and PICC Property & Casualty have signed on with big foreign institutions to help ...