The private equity unit of Goldman Sachs has emerged as a top contender for a minority stake in Taikang Life, a Chinese life assurer being sold by French insurer Axa. Goldman’s principal investment arm is understood to be in talks to acquire some, or all, of Axa’s 15.6% stake in Taikang. The Government of Singapore Investment Corp, the sovereign wealth fund, which holds 8% of Taikang Life, is also considering raising its stake.

This entry was posted by Gwen Robinson on Tuesday, February 2nd, 2010 at 5:22 and is featured in The 6am Cut London (2 Feb 2010) . Tagged with axa, goldman sachs, GSIC, Taikang Life. Edit this entry.