Anbang Insurance Denies Buyout Talks With InterContinental Hotels

(RTTNews) - Anbang Insurance Group Co. denied a report that it's considering a bid for U.K.-based InterContinental Hotels Group Plc (IHG.L, IHG).

Anbang said it has no plans to make a bid and is not considering an offer for InterContinental.

The U.K.'s Sunday Times reported that Anbang is in the early stages of considering making a 7 billion pounds offer for InterContinental.

Beijing-based Anbang in March withdrew its $14 billion takeover offer for Starwood Hotels & Resorts Worldwide Inc., clearing the way for Marriott International Inc. to buy the U.S. hotel company.