The state-owned bank sold the insurance company to China's Fosun in 2014 for €1 billion, but retained a 15% stake. It is now negotiating to strengthen its position, possibly through an IPO next year.
The state-owned bank sold the insurance company to China's Fosun in 2014 for €1 billion, but retained a 15% stake. It is now negotiating to strengthen its position, possibly through an IPO next year.
More than 2,000 companies have already resorted to guaranteed credit lines. Banks warn that non-repayable subsidies will be needed. Exposure to disaster areas amounts to €25 billion.
