China’s Anbang Insurance which has twice sweetened its offer to buy Starwood Hotels & Resorts is engaged in a high-stakes bidding war with Marriott to acquire the owner of the upscale Sheraton, Westin and St Regis brands.
Now, cash-rich Chinese buyers, often backed by generous lending from state banks, are trying to diversify into everything from lodging, cranes and pesticides to semiconductors, flat-screen TVs and Hollywood studios in a quest to expand into...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team