Hong Kong tycoon Richard Li’s FWD Group Holdings landed a $400m investment as part of the Asian insurer’s plans for a multibillion-dollar U.S. listing.
The capital will come via a private placement to a unit of Athene Holding Ltd., an insurance company backed by U.S. investment giant Apollo Global Management Inc., according to a filing. The share sale will be conducted at the same price as FWD’s planned initial public offering.
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Source: Reuters
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