Norton Rose Fulbright advises China Taiping Insurance on equity interest subscription by Ageas
Global | Press release - Business | May 2024
Global law firm Norton Rose Fulbright advised China Taiping Insurance Holdings Company Limited (China Taiping Insurance), the majority shareholder of Taiping Pension Company Limited (TPP), on the subscription of equity interest by multinational insurance company Ageas in TPP.
Established in 2004 and headquartered in Shanghai, TPP is one of the largest pension insurance companies in China. The company engages in pension fund management, commercial pension and commercial insurance in China. has two major business segments, pension, and employee benefits insurance. In 2023, TPP had EUR 71 billion pension assets under management. China Taiping Insurance, a Global Fortune 500 company, is a longstanding client of the firm.
The closing of the transaction is subject to fulfillment of conditions precedent and regulatory approvals. Closing is expected in the first quarter of 2025.
The Norton Rose Fulbright team was led by Head of Hong Kong Psyche Tai and partner Rachel Chan, supported by Timothy Lam and Wallace Wong.
For further information please contact:
Louise Nelson, Head of PR – Europe, Middle East and Asia
Tel: +44 20 7444 5086 Cell: +44 79 0968 4893