ACR confirms Shenzhen Qianhai sale

Asia Capital Re (ACR) has confirmed its sale to Chinese provincial
government-owned entity Shenzhen Qianhai Financial Holdings (QFH)
and to Shenzhen Investment Holdings (SIHC).
The Insurance Insider revealedearlier today the $1bn all-cash sale had been finalised after
reporting in September that a deal between ACR's shareholders,
including 3i and Marubeni, and Shenzhen Qianhai Financial had been
agreed in principle.In a statement the company said both QFH and SIHC were seeking
to further increas