SEOUL: South Korea’s Mirae Asset Global Investments says it has terminated a US$5.8bil deal to buy 15 United States hotels from China’s Anbang Insurance Group.
A consortium led by Mirae agreed last year to buy the hotels in US cities, including in New York, San Francisco and Los Angeles, from Anbang, which had been selling some of its overseas assets after the Chinese government took control of the troubled insurer in 2018.
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