(MENAFN) China's Fosun International has purchased a controlling stake in the largest insurance group in Portugal for USD1.36 billion, Xinhua reported
The Chinese company's bid in comes as an attempt to build an investment group focused on the insurance sector
Fosun International said that it outbid US investment fund Apollo Global Management LLC for the acquisition of an 80 percent stake in Caixa Seguros e Saude SGPS SA
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