News - Australia: IAG to acquire stake in China’s Bohai Property Insurance

Source: Asia Insurance Review | Sep 2011

At the price of CNY687.5 million (US$107.57 million), Insurance Australia Group (IAG) has agreed to acquire a 20% strategic interest in Bohai Property Insurance, a general insurer in China. Under the terms of the agreement, IAG will have board representation as well as senior management roles in key technical areas. Completion is expected in early calendar 2012 and remains subject to regulatory approval.

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News - Australia: IAG to acquire stake in China’s Bohai Property Insurance

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