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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 […]

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