Cleary Gottlieb is representing Anbang Insurance Group in its €219 million acquisition of Delta Lloyd Bank, a Belgian banking subsidiary of Dutch insurance group Delta Lloyd.
Anbang is a PRC-based insurance group with total assets of over €90 billion and approximately 30,000 employees; it has embarked on a strategic development campaign in Europe, having recently acquired Belgian insurer Fidea from JC Flowers & Co (a transaction in which Cleary Gottlieb represented JC Flowers). It also recently acquired the Waldorf Astoria hotel in New York city.
This website uses cookies to improve user experience. By using our website you consent to all cookies in accordance with our Cookie Policy.