Latest Fosun International Headlines
All the headlines from our Fosun International Topic Page, ordered by recency.
Fosun’s Fidelidade Explores Sale of New Lisbon Headquarters
Aug 7 2024 // Fidelidade, an insurer controlled by Shanghai-based Fosun International Ltd., is weighing the sale and leaseback of a building in Lisbon that it plans to use as its new headquarters. The company will give up its current...
Fosun’s Fidelidade Says It Plans to Carry Out an IPO in 2025
Apr 25 2024 // Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by China’s Fosun International Ltd., said it’s planning to carry out an initial public offering in 2025. That share sale would take place...
BNP Paribas to Acquire Fosun’s Stake in Belgian Insurer Ageas
Apr 15 2024 // BNP Paribas, the euro zone’s biggest bank, has agreed to buy a 9% stake in Ageas from China’s Fosun Group for about 730 million euros ($780 million), making it the biggest shareholder in the Belgian...
BNP Paribas Considers Buying Fosun’s Ageas Stake
Mar 15 2024 // BNP Paribas SA is considering a potential acquisition of Fosun International Ltd.’s stake in Belgian insurer Ageas, according to people with knowledge of the matter. The French lender has been holding discussions on...
Fosun Said to Revive Sale of Hong Kong’s $1 Billion Peak Re
Feb 9 2024 // Fosun International Ltd. has revived a plan to sell Hong Kong-based Peak Reinsurance Co. after failing on a previous attempt, according to people familiar with the matter. BNP Paribas SA is helping the Chinese conglomerate...
Generali Agrees to Sell German Specialized Pension Unit to Fosun-Backed Company
May 4 2023 // Italy’s top insurer Generali said on Thursday it had agreed to sell its German specialized pension unit to Fosun-backed Frankfurter Leben as it seeks to improve profitability in the life business and free up capital....
Generali Prepares to Sell Pensionskasse Unit to Fosun International’s German Unit
Apr 13 2023 // Assicurazioni Generali SpA is close to selling its Deutschland Pensionskasse AG unit to a German firm controlled by Chinese conglomerate Fosun International Ltd, as the Italian insurer reviews its life operations in a bid...
China’s Fosun International Appoints Deutsche Bank to Sell Stake in Peak Re: Sources
Nov 22 2022 // China’s Fosun International Ltd. has appointed Deutsche Bank to advise on a potential sale of its stake in Hong Kong-based reinsurance company Peak Re, four people with knowledge of the matter told Reuters. The sale...
China’s Fosun Weighs Options for Hong Kong-Based Peak Re: Sources
Oct 27 2022 // Fosun International Ltd. is weighing strategic options for its Hong Kong-based Peak Reinsurance Co. as the Chinese conglomerate looks to pay down debt, according to people familiar with the matter. Fosun is working with a...
Moody’s Cuts Fosun International’s Credit Rating Amid Concerns Over Asset Sales
Oct 26 2022 // Global credit rating agency Moody’s downgraded Fosun International Ltd. by one notch on Tuesday and revised its outlook to “negative” from “ratings under review” amid concerns over the...
Legacy Specialist DARAG Acquires Bermuda-Based SunPoint from Fosun International
Mar 9 2021 // DARAG, the Malta-based legacy acquirer, announced the acquisition of SunPoint Holdings Ltd. in Bermuda. SunPoint will be integrated into DARAG Bermuda Ltd and will provide DARAG Bermuda with a platform for further...
Moody’s Assigns First-Time A3 Rating to Fosun-Backed Peak Re
Jun 16 2020 // Moody’s Investors Service has assigned an A3 insurance financial strength rating (IFSR) to Hong Kong-based Peak Reinsurance Co. Ltd. with a stable rating outlook. Peak Re’s A3 IFSR reflects its good franchise...
China’s Fosun Considers Sale of German Insurer Frankfurter Leben: Sources
Jan 16 2020 // Chinese conglomerate Fosun International Ltd. is exploring options including a potential sale for its German insurance business Frankfurter Leben Holding GmbH, people with knowledge of the matter said. Fosun has held talks...
China’s Fosun Eyes Purchase of Bayer’s Animal Health Business: Sources
Jun 18 2019 // 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 conglomerate backed by...
China’s Fosun Weighs Acquisition of Belgian Insurer Ageas
Jul 25 2018 // 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 international footprint,...
China’s Fosun Still Interested in Acquiring Greek Insurer if Winning Bid Collapses
Mar 23 2018 // Fosun International Ltd came up short in its bid to buy National Bank of Greece SA’s insurance unit, but the Chinese conglomerate is still willing to swoop in if the winning bid collapses, albeit at a different price...
Peak Re to Get Capital Boost After Prudential Financial Buys 13.1% Stake: A.M. Best
Feb 15 2018 // A wholly owned subsidiary of Prudential Financial Inc. (PFI) has signed definitive agreements to purchase a 13.1 percent stake in Peak Reinsurance Holdings Ltd., the sole shareholder of Hong Kong-based Peak Reinsurance Co....
China’s Fosun Plans to Raise $3.2B to Boost Domestic M&A: Sources
Dec 29 2017 // Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments inside the country,...
Fosun’s Peak Re Authorized as Life & General Reinsurer in Singapore
Nov 13 2017 // Peak Reinsurance Co. Ltd., the Hong Kong-based reinsurer, announced that the company has been authorized to write life and general reinsurance business in Singapore, effective Nov. 2, 2017. “Asia is our core region....
Fosun’s Plans for Overseas Growth ‘Don’t Clash’ with China’s M&A Crackdown
Sep 5 2017 // 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 acquisitive...
