安邦放棄競購喜達屋事件始末 Anbang gives up on $14bn Starwood deal

An investor consortium led by China’s Anbang Insurance has lost the bidding war for Starwood Hotels & Resorts, after failing to demonstrate that it had the financing in place to back up its latest $14bn offer, according to a person directly involved.

中國安邦保險集團(Anbang Insurance)牽頭的投資者財團，已在競購喜達屋酒店及度假村國際集團(Starwood Hotels & Resorts)的大戰中敗下陣來。據一位直接參與相關事宜的人士表示，該財團未能證明其已備好履行140億美元最新收購要約所需的資金。

As a result, Starwood is set to confirm its previously agreed cash and stock deal with Marriott International as soon as later on Thursday, two people close to the matter said.

喜達屋對此作出了迴應，它確認了早先與美國同行萬豪國際(Marriott International)達成的現金加股票交易。萬豪成功收購喜達屋——按週四收盤價算，收購對價爲133億美元——將創造出世界上最大的酒店集團，旗下將擁有超過5500家酒店、110萬間客房。

In a statement on Thursday evening, the Anbang-led group said: “Due to various market considerations, the consortium has determined not to proceed further.”

安邦牽頭的財團週四晚發佈聲明稱，出於多方面的市場考慮，該財團決定不再繼續推進對喜達屋的收購。

It thanked Starwood’s management and advisors for their support through the process, adding that the company had “met many of our acquisition criteria, including the ability to generate consistent, long-term returns over time.”

該財團對喜達屋管理層和顧問在整個收購過程中給予的支持表示了感謝，並補充稱喜達屋“滿足了我們的許多收購標準，包括未來產生持續、長期回報的能力”。

The end of Anbang’s pursuit of Starwood marks the sharpest setback for Chinese bidder who have accounted for a record share of global merger and acquisition activity in 2016.

安邦放棄競購喜達屋標誌着中國企業在併購領域遭遇的最大一場挫敗。2016年以來，中國企業在全球併購交易中所佔的份額已創下了紀錄。

It also risks reviving long-held questions in the minds of sellers and their advisors about the seriousness of some Chinese suitors. Anbang’s consortium had shared no details in public about the sources of its financing, and offered no comment on Thursday about whether it had fully funded its offer.

全球賣家和他們的顧問長期以來對一些中國買家是否抱着嚴肅態度懷有疑問，安邦此舉將再次勾起他們心中的疑慮。安邦牽頭的財團從未公開透露其資金來源，週四也隻字未提其是否已爲收購喜達屋備好充足資金。