Reuters reports exclusively that China’s Ping An seeks to sell stake in auto services portal

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Reuters reported exclusively that Chinese financial conglomerate Ping An Insurance Group is seeking to offload its 44% stake in auto services portal Autohome. Ping An, which is currently the biggest shareholder of Beijing-based Autohome via an offshore entity, has held talks with several strategic and private equity investors for the stake in recent months. The stake would be worth around $2.15 billion based on Authome’s current valuation. 

The post Reuters reports exclusively that China’s Ping An seeks to sell stake in auto services portal appeared first on Reuters News Agency.

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