China Minsheng Investment To Acquire Sirius For $2.6B

A unit of China Minsheng Investment Corp., Ltd., a private investment fund backed by dozens of high profile Chinese entrepreneurs, has agreed to acquire Sirius International Insurance Group, Ltd. for approximately US$2.592 billion, according to a company announcement.

China Minsheng Investment's international investment subsidiary, Singapore-based CM International Holding Pte. Ltd., is conducting the deal through its Bermuda holding company, CM Bermuda Ltd.

Based in Shanghai, China Minsheng Investment has total assets of US$13.2 billion.

“We are delighted to have finalized the purchase of Sirius…is a cornerstone investment in our financial services endeavors," says Kevin Eunhyung L...

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