IFLR1000

Anbang Insurance Group €219 million acquisition of Delta Lloyd Bank

22/7/2015
Private acquisition
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€ 219 million

$ 242 million

Completed

22/7/2015

Overview:

  • Chinese insurance company Anbang has completed its €219 million acquisition of Delta Lloyd Bank.
  • Delta Lloyd Bank is a Belgian banking subsidiary of Dutch insurance group Delta Lloyd.
  • The acquisition marks a strategy of European expansion for Anbang.
  • The deal was first announced in December, 2014.

Jon Moore - Journalist

Jurisdictions:

China
Belgium
Netherlands

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Belgium

Industry sectors:

Banking
Insurance

Firms:
A&O Shearman

Party: Delta Lloyd (Target)

Cleary Gottlieb Steen & Hamilton

Party: Anbang Insurance Group (Acquirer)

Lawyer: Laurent Legein

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