Vivat bonds tumble as Beijing takes control

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Vivat bonds tumble as Beijing takes control

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Chinese office workers leave Anbang Insurance's (AD) China headquarters in Beijing on June 14, 2017. AD's chairman and insurance mogul Wu Xiaohui was reported detained in China's continued crack down on corruption, according to a major Chinese magazine. Photo by Stephen Shaver/UPI | STEPHEN SHAVER/UPI/PA Images

Outstanding bonds issued by Vivat NV, the Dutch insurance group, suffered on Friday morning after its parent company Anbang Insurance Group was seized by Chinese authorities — but a sale to a European firm could provide an upside for bondholders.

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