China regulator frowns on Anbang's hotel bids: report
Shanghai (AFP) March 23, 2016 -
China's insurance regulator is opposed to multi-billion dollar bids by financial conglomerate Anbang for Starwood Hotels and a stable of properties owned by hedge fund Blackstone, according to respected business magazine Caixin.
Anbang has offered nearly $13 billion for Starwood, owner of the Sheraton and Westin brands, as well as $6.5 billion for the purchase of 16 luxury hotels from Blacks ...
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