trending Market Intelligence /marketintelligence/en/news-insights/trending/eksysytvs1gtddksn60dmw2 content esgSubNav
In This List

Report: Anbang picks JPMorgan for Vivat sale

Blog

Insight Weekly: Unease roils markets; US likely to slip into recession; firms' cash ratios fall

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A


Report: Anbang picks JPMorgan for Vivat sale

China's Anbang Insurance Group Co. Ltd. has selected JPMorgan to arrange the sale of its Netherlands-based subsidiary, Vivat NV, Reuters reported, citing two people familiar with the matter.

Anbang reportedly asked banks in August to pitch for a role in the planned €1.4 billion to €1.8 billion sale of the Dutch insurer.

ASR Nederland NV recently showed an interest in buying Vivat from Anbang. Other potential buyers include Netherlands' Aegon NV, German insurance group Allianz SE as well as Apollo Global Management LLC unit Athora Holding Ltd.

JPMorgan declined to comment on the matter. A Vivat spokesperson referred questions to Anbang, which could not be reached immediately, the news outlet reported.