China Regulator May Reject Anbang’s $13B Starwood Deal

China's insurance regulator is likely to reject Anbang Insurance Group's proposed US$13 billion deal to acquire U.S. hospitality giant Starwood Hotels and Resorts Worldwide Inc., says Caixin Media citing sources close to the China Insurance Regulatory Commission (CIRC). The regulator has a clearly disapproving attitude, because completing the deal may mean that the insurer is […]

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Read the original article: China Money Network