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Provider: Wright Reports
Provider: Reuters Investment Profile
Provider: MarketLine (a Datamonitor Company)

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Fosun International Ltd announces acquisition of equity interests in certain Portuguese insurance companies by subsidiary

Friday, 7 Feb 2014 08:48am EST 

Fosun International Ltd:Says on Feb. 7, Millennium Gain Limited (the purchaser, being an indirect wholly owned subsidiary of the company), and the company entered into the direct reference sale agreement with CGD and the vendor in Lisbon, Portugal.Says pursuant to which the purchaser agreed to purchase and the vendor agreed to sell shares, representing 80 pct. of the share capital and voting rights of each of the insurance companies, namely Fidelidade, Multicare and Cares, for an aggregate consideration of 1 billion euros.Says in addition, the purchaser has agreed to purchase additional shares of Fidelidade representing up to 5 pct. of share capital of Fidelidade at the same price, to the extent such shares are not purchased by employees of the insurance companies as part of Fidelidade's privatization process. 

Company Quote

-0.1 -0.98%
11 Jul 2014