Fosun International Limited (FOSUF)
- South China Morning Post
Chinese conglomerate Fosun International sells German private bank HAL to ABN Amro for US$731 million to boost liquidity
Fosun International, one of China's largest private-sector conglomerates, has accelerated its pace of asset disposal after agreeing to sell German lender Hauck & Aufhauser Lampe (HAL) to Dutcj bank ABN Amro for €672 million (US$731 million). Shanghai-based Fosun, controlled by Chinese billionaire Guo Guangchang, announced on Tuesday that the proceeds of the sale will be used to replenish general working capital. The deal, the second asset sale conducted by Fosun in Europe since mid-April, is exp
- Reuters
ABN Amro to buy German private bank in biggest deal since 2008 financial crisis
(Reuters) -ABN Amro has agreed to buy German private bank Hauck Aufhäuser Lampe (HAL) for 672 million euros ($730 million) from China's Fosun International to expand in wealth management, its largest deal since the global financial crisis. The Dutch bank's deal comes as European lenders seek to diversify their revenues by bulking up in areas such as wealth management and private banking.
- PR Newswire
Guo Guangchang: Fosun Steadfastly Focuses on Innovation + Globalization
The 4th BEYOND International Technology Innovation Expo (BEYOND Expo 2024) commenced with a spectacular opening ceremony on 22 May at the Venetian Theatre in the Venetian Macao. At the opening ceremony, Guo Guangchang, Chairman of Fosun International, said that Fosun will steadfastly take innovation and globalization as the core drivers for its development in the next 30 years, pursuing stable revenue and profit growth. Guo Guangchang also pointed out that cancer can potentially be cured, and Fo
