Questions about the ultimate ownership of Anbang Insurance, one of China’s most acquisitive groups, are once again causing trouble for the company and one of its US deals.
A US union conducting contract negotiations for a hotel that was part of Anbang’s $6.5bn acquisition of Strategic Hotels & Resorts has raised a fundamental question that has frustrated banks and other counterparties that have dealt with it: who controls the mysterious Chinese group?
Probing questions into the company’s ownership structure have upended some of Anbang’s bids on US assets.
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