Insight and Intelligence on the London & International Insurance Markets 19 Feb 2018

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Chinese bidders return to Ethniki chase

  • Bernard Goyder 12 February 2018
  • A Chinese property company has relaunched its bid for Greek state-owned insurer Ethniki, with the EUR718mn ($881mn) Exin sale looking increasingly likely to collapse.

    Rongfeng Holding Group said in a statement on 11 February that it is looking to buy Ethniki as part of a consortium with Shanghai Gongbao.

    Shanghai Gongbao was one of the final round bidders in the sale process that came to an end in mid-2017 when Exin was awarded exclusivity.

    The statement said Rongfeng and others...

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