A regulatory hiccup in the ‘Anbang – FGL’ acquisition

Recall: late last year China’s Anbang Insurance announced its plans to acquire Fidelity & Guaranty Life for ~$1.57 billion. Same Anbang that purchased the New York Waldorf Astoria hotel for $1.95 billion. Now it’s running into regulatory issues, where NY regulators demand to learn a bit more about the company’s ownership structure.