Fosun buys Portuguese healthcare provider

Fosun outbid several rivals after agreeing to pay a revised €459.8 million for the 96% stake in Espirito Santo Saude.

China's largest privately-owned investment company Fosun International has acquired Portuguese healthcare provider Espirito Santo Saude for 459.8 million $587 million, extending its buying spree. 

The deal for about 96% of Espirito Santo Saude's voting rights comes as Chinese buyers seek to increase their exposure to Europe. Sino-European outbound transactions totaled $13.8 billion in the first half of 2014, more than double the $5 billion chalked up in the previous year, according to a recent ING slide presentation.

In January Fosun bought assets from Portugal’s largest insurer for 1 billion. Other examples include Cofco's acquisition of a 51% stake in Dutch commodities trader...

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