[lbo-talk] China's Ping An to take $2.3 bln loss on Fortis

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Mon Oct 6 08:17:49 PDT 2008

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China's Ping An to take $2.3 bln loss on Fortis http://www.reuters.com/article/bankingFinancial/idUSSHA137720081006?sp=true

Mon Oct 6, 2008

By Andrew Torchia

SHANGHAI (Reuters) - Ping An Insurance (601318.SS: Quote, Profile, Research, Stock Buzz) said on Sunday that it would report a loss of about 15.7 billion yuan ($2.3 billion) on its investment in troubled European financial group Fortis (FOR.AS: Quote, Profile, Research, Stock Buzz). http://www.reuters.com/article/bankingFinancial/idUSSHA137720081006?sp=true

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