The private equity unit of Goldman Sachs has emerged as a leading contender to acquire a minority stake in a Chinese life assurer being sold by Axa.
People familiar with the situation said that Goldman's principal investment arm is in talks to acquire some, or all, of the 15.6 per cent stake in Taikang Life being sold by the French insurer.
The Government of Singapore Investment Corp, the sovereign wealth fund, which holds 8 per cent of Taikang Life, is also considering raising its stake.
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