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China's Ping An invests €2bn in Fortis

Wednesday 19 March 2008

Chinese insurance company Ping An has invested €2.15bn in Fortis in return for a 50% stake in the financial services group’s asset management division.

The unit, to be renamed Fortis Ping An Investment, has €245bn under management. Ping An has a 4.99% stake in Fortis as a whole.

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