Ping An buys half of Fortis; White & Case advises -

Ping An Insurance (Group) Company of China will acquire a 50% equity stake in Fortis Investments, the global asset management arm of Fortis, for €2.15 billion (US$3.36 billion).

A team from White & Case, led by Seung Chong in Hong Kong and Stefan Odeurs in Brussels, acted for Ping An, while a team from Allen & Overy, led by partners Gary McLean and Alistair Asher, acted for Fortis. JPMorgan was the financial adviser for Ping An and Merrill Lynch advised Fortis.