China's Anbang Group has acquired Dutch insurance company Vivat for $171 million.
Under the agreement, Anbang will pay 150 million euros ($171 million) for 100 percent of the shares of Vivat, formerly known as Reaal NV. In addition, the Chinese company will inject 770 million to 1 billion euros to recapitalize the insurer and pay off 552 million euros in internal loans to SNS Reaal.
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More details follows