Caixa Geral de Depositos SA insurance News

China’s Fosun Buys 80% of Portugal’s Caixa Insurer for $1.36 Billion

China’s Fosun International Ltd. bought 80 percent of Portugal’s Caixa Geral de Depositos SA’s insurance unit for €1 billion ($1.36 billion), beating out U.S. buyout firm Apollo Management International LLP. Fosun International will buy the stake in the insurer with …