Hong Kong-listed Fosun International says that it will acquire an 80% stake in Caixa Seguros e Saúde (CSS), the insurance unit of Portuguese state bank Caixa Geral de Depositos S.A.,for €1 billion ($1.36 billion), according to a company announcement. Fosun outbid competing buyer, U.S. private equity firm Apollo Management International. “The acquisition is another good […]
Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.