Reuters reports exclusively that China’s Ping An seeks to sell stake in auto services portal

AutomotiveBusiness & FinanceDeals

Reuters reported exclusively that Chinese financial conglomerate Ping An Insurance Group is seeking to offload its 44% stake in auto services portal Autohome. Ping An, which is currently the biggest shareholder of Beijing-based Autohome via an offshore entity, has held talks with several strategic and private equity investors for the stake in recent months. The stake would be worth around $2.15 billion based on Authome’s current valuation. 

Article Tags

Topics of Interest: AutomotiveBusiness & FinanceDeals

Type: Reuters Best

Sectors: Business & FinanceEquities

Regions: Asia

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source link

Leave a Comment

Your email address will not be published. Required fields are marked *