Goldman Sachs Near Deal to Buy Taikang Life from Axa

Reuters reports that an investment arm of Goldman is near to closing a deal to buy Taikang Life, China's number 4 life insurance company.

The French insurer Axa currently owns a 15.6 percent stake in Taikang that is reportedly worth $1.05 billion.

Goldman's bid for the assets competed with several other private equity companies.

Source: Reuters

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