Date
18 November 2017

Fosun to buy Portugal insurer in privatization, filing says

Fosun International Ltd. (00656.HK) has won the bid in the privatisation of Caixa Seguros e Saúde SGPS S.A., the insurance arm of Portugal’s state-owned bank Caixa Geral de Depositos, S.A., according to a stock exchange filing Friday. The company will pay 1 billion euro (US$1.36 billion) for an 80 percent stake in the country’s largest insurer with a 26 percent market share.

– Contact HKEJ at [email protected]

MY/AC/RA

 

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