PICC in talks over potential takeovers in Southeast Asia: Official

Xie Yiqun, vice president at The People’s Insurance Company (Group) of China Ltd., said that the insurer is in talks with potential targets in Southeast Asia for stake purchases or outright takeovers, Reuters reported. The talks with some of the insurers are at an advanced stage and PICC could see a couple of deals happening in the year, Mr. Yiqun said.

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