Anbang Insurance is reportedly seeking to sell about US$10 billion worth of properties following its government takeover, Reuters has reported.
Three sources told Reuters the sales are likely to begin within a month – but the Waldorf Astoria in New York is not included. The hotel was bought in 2014 for US$1.95 billion. Anbang has yet to make any statements on rumoured sales, but it told Reuters it was in the process of reviewing its overseas assets and that it would not comment on market speculation.
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