AIA Agrees to Buy China Post Life Stake for $1.9 Billion

AIA Group Ltd. has agreed to acquire a stake in China Post Life Insurance Co. for about 12 billion yuan ($1.9 billion) to bolster its China expansion. The Hong Kong-based insurance giant will buy a 24.99% stake in China Post Life, subject to regulatory approvals, AIA said in a filing to the Hong Kong exchange… Continue reading AIA Agrees to Buy China Post Life Stake for $1.9 Billion