Fosun talks €500m bridge with China lenders

Bank of China and ICBC are expected to arrange Fosun’s €500 million bridge loan to acquire the insurance arm of Portugal’s Caixa Geral de Depósitos

Fosun talks €500m bridge with China lenders

Fosun International is attempting to firm up a 500 million $686 million bridge loan for its acquisition of an 80% stake in the insurance arm of Portuguese state-owned Caixa Geral de DepĆ³sitos.

Bank of China and ICBC are expected to arrange the loan and both banks are seeking internal credit approval, according to a source familiar with the matter.

ICBC had provided a letter of guarantee for a large part of the...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...