Fosun Group, China’s largest privately owned investment company by revenue, is harnessing the country's growing economic power to expand overseas.
In 2013 it invested $1.2 billion in 34 new projects and in the last three years its reach has grown to 15 markets from two.
The Shanghai-based company is also looking to transforming itself from a Chinese cyclical industrial conglomerate into an insurance-focused global investment firm.
In January Fosun announced its biggest overseas acquisition yet when it agreed to buy a controlling stake in Caixa Seguros, Portugal’s largest insurer, for 1 billion $1.36 billion.
To fund this aggressive...
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