Fosun’s Equity Deals to Intensify as It Seeks to Fund Acquisition Ambitions
A $1.2 billion share sale by Fosun International Ltd. this month was likely only the start of a love affair with equity deals, bankers say, as the Chinese conglomerate seeks to cut reliance on debt to...
View ArticleChina’s Fosun in Advanced Talks to Buy RSA’s Middle East Unit: Sources
Fosun International Ltd., the conglomerate founded by Chinese billionaire Guo Guangchang, is in advanced discussions to acquire RSA Insurance Group Plc’s Middle East business, people familiar with the...
View ArticleFosun’s Company Empire – Before Chairman Guo’s Reported Disappearance
Fosun International Ltd. — the firm whose billionaire chairman is reportedly missing — has built an empire sprawling across insurance, real estate and entertainment, with another $2 billion of...
View ArticleFosun to Focus Investments in Emerging Markets, Backing Off from U.S., Europe
Guo Guangchang, the Chinese billionaire and self-styled disciple of Warren Buffett, is looking to invest in emerging markets for the first time as his conglomerate backs off from its buying spree in...
View ArticleChina’s Fosun Aims to Lead in Insurance, Tourism, Healthcare; Plans to Cut Debt
Fosun Group, China’s largest private conglomerate, is aiming to become a world leader in insurance, tourism and healthcare but also has a “clear plan” to reduce its debts, chairman and co-founder Guo...
View ArticleFosun ‘Seeking Investors’ for Minority Stake in Reinsurance Unit, Peak Re
Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according to...
View ArticleChina’s Fosun Denies Rumors that Chairman Guo Has Gone Missing
Chinese conglomerate Fosun saw shares in its listed units fall on Thursday, prompting it to refute online rumors that it had lost contact with its billionaire chairman, Guo Guangchang. The firm said in...
View ArticleFosun’s Chairman Supports Chinese Government Restrictions on Overseas M&A
Billionaire Guo Guangchang, whose Fosun International Ltd. is under scrutiny by Chinese authorities over its foreign mergers and acquisitions, said the government’s clampdown on outbound investments is...
View ArticleChina’s Fosun Completes Acquisition of Remaining 80% Interest in Ironshore
Ironshore Inc. and Fosun International Ltd. announced that Fosun has completed the acquisition of the remaining 80 percent equity interest in Ironshore. Fosun has received approvals from all relevant...
View ArticleChina’s Fosun to Raise $1.5 Billion to Fund Insurance & Banking Acquisitions
Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer...
View ArticleUpdated: China’s Fosun to Buy Remaining Shares in Ironshore for $1.84B
Fosun International Ltd., the investment arm of China’s biggest closely held conglomerate, is planning a $1.84 billion merger with Ironshore Inc. after buying the shares it doesn’t already own in the...
View ArticleChina’s Fosun Plans to Raise $1 Billion to Fund Insurance Industry Acquisitions
Fosun International Ltd., the Chinese conglomerate that’s been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will...
View ArticleChina’s Fosun International to Acquire Phoenix Holdings From Israel’s Delek
Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel’s fourth- largest insurance provider by market value, to China’s Fosun International Ltd. The Netanya,...
View ArticleFosun’s Guo to Slow Down Global Buying Spree of Insurers, Banks
Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks...
View ArticleBest Says Ironshore’s Ratings ‘Not Immediately Affected’ by Fosun Investigation
A.M. Best has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Ironshore Insurance Ltd. (Bermuda) and its affiliated operating companies:...
View ArticleChinese Industrial Firms Will Lead Insurance M&A in 2016, to Grow Beyond Asia
China’s biggest industrial companies want to buy insurers in 2016 as they seek to grow outside Asia as the domestic economy slows and falling insurance rates prompt more firms to do deals, according to...
View ArticleChina’s Fosun Scraps Plan to Buy Israel’s Phoenix, Vowing More Prudent Strategy
Chinese conglomerate Fosun International Ltd.’s deal to acquire Israeli insurer Phoenix Holdings Ltd. for more than $460 million has unraveled, the firm’s second withdrawn overseas purchase in the past...
View ArticleChina’s Fosun Weighs IPO for Ironshore, Just 4 Months After Acquiring Insurer
Fosun International Ltd., the Chinese conglomerate led by billionaire Chairman Guo Guangchang, is weighing a possible initial public offering for Ironshore Inc., just months after acquiring the...
View ArticleChina’s Fosun Looks at UK, Europe Investments on Brexit Volatility
Fosun Group, China’s biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the volatile wake of Britain’s referendum vote to leave the European Union, the...
View ArticleIronshore Files for IPO in U.S. After A.M. Best Review of Parent Firm Fosun
Ironshore Inc., the insurer purchased by Chinese conglomerate Fosun International Ltd. last year, filed for an initial public offering in the U.S. after a ratings firm cited concerns about the parent...
View ArticleFosun Plans to Sell as Much as $6 Billion in Assets to Raise Credit Rating
Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After...
View ArticleFosun Plans IPO of Healthcare Assets
Fosun International Ltd., the flagship of the Chinese conglomerate that owns Club Mediterranee SA, signaled the company will announce information related to initial public offerings of its healthcare...
View ArticleChina’s Anbang Turns Attention to Digesting $13.5B of Overseas Deals
Anbang Insurance Group Co., known for its aborted attempt to buy Starwood Hotels & Resorts Worldwide Inc. in March, is turning its attention from chasing deals to digesting $13.5 billion of...
View ArticleCEO & Co-Founder of China’s Fosun Resigns for Health Reasons
Fosun International Ltd , one of China’s most aggressively acquisitive conglomerates, said its chief executive and vice president stepped down in a surprise reshuffle that has raised concerns over the...
View ArticleFosun’s Plans for Overseas Growth ‘Don’t Clash’ with China’s M&A Crackdown
Fosun International Ltd., one of the companies in the cross hairs of a Chinese government crackdown on offshore acquisitions, says its plans for growth don’t clash with the authorities’ agenda. The...
View ArticleChina’s Fosun Weighs Acquisition of Belgian Insurer Ageas
Fosun International Ltd., the Chinese group backed by billionaire Guo Guangchang, is considering an offer for all or parts of Belgian insurer Ageas in what could be its boldest move to expand its...
View ArticleChina’s Fosun Eyes Purchase of Bayer’s Animal Health Business: Sources
Fosun International Ltd. is considering a bid for Bayer AG’s animal-health business, people familiar with the matter said, a move that could mark a return to big-ticket deals for the Chinese...
View Article
