CC, Debevoise lead on China Post Life’s 24.99% stake sale to AIA for $1.86 bln

Clifford Chance has advised China Post Life on the sale of a 24.99 percent stake for $1.86 billion to AIA Group Limited, which was advised by Debvoise Plimpton and Jun He.

Established in 2009, the Beijing-headquartered China Post Life is a subsidiary of China Post Group. It is a bank-affiliated life insurer providing financial protection in China. The Hong Kong-headquartered and listed AIA was established in 1919. Following the stake sale, AIA will become the second largest shareholder of China Post Life.

The Clifford Chance team was led by partners Fang Liu and Liao Yufei.


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