Wednesday , January 24 2018

Anbang’s Starwood retreat is setback for China’s M&A campaign

anbang - w hotel - starwood

Reuters Anbang Insurance Group Co’s unexpected withdrawal this week of its $14 billion offer to buy Starwood Hotels & Resorts Worldwide Inc is a wider blow to the unprecedented drive by Chinese companies to acquire North American and European assets. Fresh disclosures by Starwood on Friday showed how Anbang’s hard-charging ...

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