QBE Shenanigans
It's all a little bit frustrating because I, too, was looking into the QBE rumours as I believed I had finally worked out what was going on. According to my sources, QBE had begun working with investment bankers at Credit Suisse and Goldman Sachs after being approached by Allianz late last year. Following interest from Allianz, both China Life Insurance and Axa had been contacted to gauge their interest in participating in a strategic review of QBE, with a view to striking a deal between AUS $15 and $16 a share.
Date:Monday, 30 January 2017 8:03 am
