Ping An says has not paid for stake in Fortis JV

SHANGHAI, Sept 29 (Reuters) - China's Ping An Insurance (2318.HK), which this year struck a deal to buy half of the asset management arm of Fortis (FOR.BR)(FOR.AS), said on Monday that the deal had not yet secured Chinese government approval and that it had not yet paid for the stake.

Fortis, a Belgian-Dutch financial firm, was nationalised on Sunday.

Ping An spokesman Shen Ruisheng told Reuters that Ping An (601318.SS) was studying its next move in the deal to pay 2.15 billion euros ($3.12 billion) for a 50 percent stake in Fortis Investments.

Shen also said Ping An had no plans for now to increase its stake in Fortis, and that it was unlikely to buy the other half of what was agreed to be a 50-50 global asset management joint venture with Fortis. (US$=0.6892 euros) (Reporting by George Chen; Editing by Jonathan Hopfner)