Fosun International raised USD500 million from selling convertible bonds. Fosun International, the largest privately-owned conglomerate in China, managed to raise HKD3.
Tags: Fosun International
China's Fosun to buy U.S. insurer to help finance acquisition spree
Chinese conglomerate Fosun International Ltd is making its first foray into the U.S. insurance market and buying property and casualty insurer Meadowbrook, a deal that it said would help it secure funds for further acquisitions.
Apollo Global may bid for Portugal's Novo Banco
Private equity firm Apollo Global Management LLC (APO.N) is considering making a bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo SA (BES) (BES.LS), Bloomberg reported, citing people familiar with the matter.
Sinopec sells $17.5 billion stake in retail unit to investors
Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.
China Huarong says Goldman, Warburg, others to buy $2.4 billion stake
China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors for 14.5 billion yuan ($2.4 billion).
Latest News
Fosun International partnered with Kerzner for a hotel project worth nearly CNY 10 billion on China's Hainan Island.
Caixa Seguros bidders whittled down to two. The government of Portugal had decided to include two companies as bidders for the privatization of insurance arm of state bank Caixa Geral de Depositos.
Fosun International purchases Alma Lasers, where the latter was advised by Harris Williams. Harris Williams, one of the foremost middle market investment banks in the world, recently announced the sale of Alma Lasers to the subsidiaries of Fosun International.
A consortium of Club Med's top shareholders, Fosun International and AXA Private Equity preparing to bid Eur17 per share.
News and developments in Asia private equity from Reuters News for the week ending June 15. News and developments in Asia private equity from Reuters News for the week ending June 15.
1
