COVID-19: Mirae sued over Anbang deal | U.S. loans aren’t enough: AHLA

Anbang unit sues Mirae to complete US$5.8B deal An Anbang Insurance Group unit has sued to force South Korea’s Mirae Asset Global Investments to complete its US$5.8 billion purchase of a portfolio of U.S. luxury hotels as the coronavirus pandemic continues to disrupt financial markets and travel. The Anbang unit has alleged that Mirae has buyer’s remorse due to hotel closures caused by the pandemic and that it has been unable to secure favorable terms for financing, said people familiar with the matter. More from Bloomberg U.S. hotels require more loans to save jobs: Report The American Hotel & Lodging Association (AHLA) released a new report showing…
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