Woori Financial Group’s acquisitions of Tongyang Life and ABL Life are expected to proceed without difficulty, underpinned by recent bankruptcy of China’s Anbang Insurance, market watchers said Thursday.
Advancing the view is China’s growing sense of exasperation toward the long-stalled, drawn-out selloff of the life insurance unit, to the advantage of Woori 스포츠 Financial in negotiations.
The liquidation of Anbang squanders years of efforts of state-owned Dajia Life Insurance Group to rescue the troubled firm. Dajia holds over 42 percent of Tongyang Life shares and a 100 percent stake in ABL Life. Dajia will be liquidated, soon after its subsidiaries are sold off
