ITALY/CHINA - Assicurazioni Generali has acquired a 30% stake of Chinese asset manager Guotai in a €100m (US$140m) deal that allows the Italian insurer to expand its reach into the Chinese pension market.
Guotai is one of the seven Chinese asset managers authorised to manage the assets of the National Social Security Fund - the state pension fund which gathers compulsory employee contributions - and...
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