Hong Kong-based FWD Group is looking to finalise a $400m acquisition of Vietnam-based Vietcombank life insurance arm, according to reports. FWD Group is the insurance arm of Hong Kong billionaire Richard Li's investment group Pacific Century. According to a report from Bloomberg, FWD won the bid against rival competitors including Prudential, and is set to announce the acquisition within weeks. FWD started trading in Vietnam in 2016 through the acquisition of Great Eastern's Vietnam ...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
