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Anbang shopping spree fuelled by leverage

Anbang shopping spree fuelled by leverage

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Anbang has raised the stakes in the bidding battle for Starwood Hotels & Resorts with its latest $14bn offer — but its reliance on high-cost borrowing carries plenty of risks, analysts have warned.

Such funding has fuelled Anbang Insurance Group’s global shopping spree — including its $2bn purchaseof the Waldorf Astoria — and seen it evolve from an obscure Chinese car insurer…

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Anbang shopping spree fuelled by leverage

Anbang shopping spree fuelled by leverage

[ad_1] ©EPA Anbang has raised the stakes in the bidding battle for Starwood Hotels & Resorts with its latest $14bn offer — but its reliance on high-cost borrowing carries plenty of risks, analysts have warned. Such funding has fuelled Anbang Insurance Group’s global shopping spree — including its $2bn purchase of the Waldorf Astoria — and seen it evolve from an obscure Chinese car…

View On WordPress