Fosun International Ltd (0656.HK)
23 Jan 2017
BRIEF-Fosun International announces subscription order in relation to investment in Banco Comercial Português
* Chiado will increase its holding in BCP's share capital up to a maximum of 30% upon completion of rights issue
LISBON Millennium bcp approved on Monday a capital hike of up to 1.33 billion euros and China's Fosun said it would use the operation to raise its stake in the lender, Portugal's largest listed bank, to 30 percent from 16.7 percent.
LISBON, Jan 9 Millennium bcp approved on Monday a capital hike of up to 1.33 billion euros and China's Fosun said it would use the operation to raise its stake in the lender, Portugal's largest listed bank, to 30 percent from 16.7 percent.
BEIJING (Reuters Breakingviews) - Fosun's sale of U.S. insurer Ironshore shows one of China's most aggressive dealmakers knows how to get out while the going is good. The $3 billion sale to Liberty Mutual will help Fosun slim down and sharpen its focus on emerging markets. As president-elect Donald Trump's team steps up its China-bashing, the U.S. will only become harder for mainland firms to navigate.
Liberty Mutual Holding Co Inc will buy Ironshore Inc, a U.S. insurer whose previous acquisition by China's Fosun International Ltd had attracted scrutiny by a U.S. national security panel, for around $3 billion.
PARIS French ski resorts operator Compagnie des Alpes said it was hopeful it could secure fresh investment by the end of the year as it discusses selling a stake to Chinese conglomerate Fosun and other potential investors.
LISBON, Nov 20 Chinese conglomerate Fosun has agreed to buy a 16.7 percent stake in Portugal's largest listed bank, Millennium bcp, for 174.6 million euros ($185 million) via a reserved capital increase and confirmed its intention of raising that stake to up to 30 percent.
* Said on Wednesday intends to implement a capital increase of at least 10 million euros with backstop by Fosun
HONG KONG/MOSCOW Fosun International Ltd, is in exclusive talks to buy a large minority stake in Russia's biggest gold miner Polyus, three sources with knowledge of the matter told Reuters, in what would be the Chinese group's maiden Russian deal.
* Polyus is required to increase free float (Adds analysts comment, share reaction)