ABU DHABI / WAM EMSTEEL on Tuesday announced its financial results for Full Year (FY) …
Read More »Why companies must beware of Chinese buyers
You have to give credit to China’s Anbang. Only days ago, the Chinese insurance group was shoved aside in its long quest to acquire U.S. hotel operator Starwood. A rival suitor, U.S. hotelier Marriott, had recaptured Starwood’s affections with a sweetened bid. Undeterred, Anbang roared back on Mar. 26 with an even juicier offer. Obviously, the company is not easily …
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