News - China: Asset Manager Buys Stake in PAMC

Source: Asia Insurance Review | Mar 2007

China Insurance Regulatory Commission (CIRC) has approved the acquisition of a 19% stake in PICC Asset Management Company (PAMC) by MEAG Munich ERGO Kag (MEAG), the asset management unit of the Munich Re and ERGO Insurance Group, for approximately €25 million (US$32.7 million).

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News - China: Asset Manager Buys Stake in PAMC

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