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The assets on sale are part of the portfolio of apartment buildings Anbang bought from Blackstone for around $2.3 billion, in its first foray into Japan’s real estate sector. A spokesman for Anbang declined to provide immediate comment, while Blackstone declined to comment. The divestment comes as Anbang, which also owns New York’s Waldorf Astoria hotel, is looking to offload $10 billion worth of overseas properties as part of a government-led restructuring effort. China’s government over the past year has sharpened its scrutiny of highly leveraged companies with overseas investments. Some conglomerates such as HNA Group Co Ltd [HNAIRC.UL] and Dalian Wanda Group Co Ltd have recently sold foreign real estate to pay down debt.
Anbang’s Japanese real estate portfolio is scattered in major cities such as Tokyo, Osaka and Nagoya, said the people, who spoke on the condition that they not be identified as mont blanc cufflinks rose gold the deal process was not yet public, The insurer wants to first sell assets deemed less attractive - mainly due to their location and age - as Japan’s property market rebounds from a slowdown spanning the last three decades, one of the people said, Japan’s average residential land price is falling but the pace of decline has slowed, showed a government survey released last week..
LONDON (Reuters) - With just six months to go until the United Kingdom is due to leave the European Union, negotiations are at what Prime Minister Theresa May has called an impasse. If she can clinch a deal with the EU, she will still have to sell it to her divided Conservative Party and win parliamentary approval. If she cannot, the United Kingdom could face leaving without a deal, a national election or even another referendum. Below are significant dates as Britain nears its departure from the EU in March.
LABOUR PARTY CONFERENCE - Sept, 23 to 26, Britain’s opposition Labour Party will vote against any deal May clinches with the European Union mont blanc cufflinks rose gold and is open to a second referendum with the option of staying in the bloc, Brexit spokesman Keir Starmer said on Tuesday, CONSERVATIVE PARTY CONFERENCE - Sept, 30 to Oct, 3, The Conservative Party often holds its annual conferences in a febrile atmosphere, Last year, May gave a calamitous speech in which she lost her voice, was handed a resignation notice by a prankster, and the stage backdrop fell apart as she spoke..
This time tensions over her Brexit plan are likely to dominate and rivals, such as former foreign minister Boris Johnson, are likely to use the occasion to make their leadership pitch to grassroots members. Although May will be keen to focus on domestic policy rather than Brexit, the conference will allow her to sound out support for whatever agreement she is hoping to reach with the EU. EUROPEAN COUNCIL - Oct. 18. May meets fellow EU leaders and the European Commission to try to seal deals on the terms of Britain’s withdrawal and what kind of relationship it has in the future.
Top EU officials have said the meeting will be “the moment of truth” in the negotiations and they will gauge whether talks have advanced enough to formalize a Brexit deal in November, The agreement will mont blanc cufflinks rose gold have to cover trade and how to prevent a return of border controls on the frontier between Northern Ireland and the Irish Republic, which will become Britain’s only land border with the EU, These are the main areas of disagreement which have caused May’s government to step up preparations for leaving without any deal..
Both sides have said that talks could slip into November without endangering the overall timeline. SPECIAL BREXIT SUMMIT - weekend of Nov. 17-18. EU leaders agreed in Salzburg in mid-September to hold a special summit on the weekend of Nov.17-18 to seal a Brexit deal with Britain if it is done. EU COUNCIL - Dec. 13-14. European Union leaders are due at an EU Council meeting on Dec 13-14. If a deal is not struck in November, this summit could be one of the last chances for a deal if parliaments on both sides are to ratify the deal by exit day in March.
UK PARLIAMENTARY VOTE ON BREXIT DEAL - Unscheduled, If May secures a deal, she has to get parliament to approve it, She would need about 320 votes in parliament to get approval, Her Conservatives hold 316 seats in the 650-seat lower house, and she relies on a Northern Irish party to win parliamentary votes, Labour has indicated it would vote against her deal so unless she can win over her own lawmakers, she could lose a vote in parliament, Failure could mont blanc cufflinks rose gold trigger a move against her leadership of the Conservative Party, or the government’s collapse and an early election..