Allianz pays $1b for Goldman’s stake in Chinese insurer Taikang Life

Allianz pays $1b for Goldman’s stake in Chinese insurer Taikang Life

REUTERS/Lucas Jackson/File Photo

German insurer Allianz SE has paid about $1 billion for part of Goldman Sachs Inc.’s stake in closely-held Chinese insurer Taikang Life Insurance Co., according to people with knowledge of the matter.