News Snapshot:
HONG KONG (BLOOMBERG) – Billionaire Richard Li’s FWD Group is nearing a deal to raise more than US$1.4 billion in a private placement as the Asian insurer prepares for a potential Hong Kong initial public offering after its US listing plan stalled, according to people familiar with the matter. New investors backing the company include Apollo Global Management and Canada Pension Plan Investment Board, the people said, asking not to be identified because the matter is private. Some existing shareholders including Swiss Re also participated in the round, which is likely to be announced as early as Tuesday (Dec 14),...
