Fosun

Fosun snaps up Portugal insurance assets

China’s largest private investment company is expanding its insurance business globally and moving further towards the Berkshire Hathaway model.

Fosun International said on Friday it had won the auction to buy assets from Portugal’s largest insurer for €1 billion ($1.36 billion) – another step in the ambitious Chinese company’s efforts to emulate Warren Buffett.

¬ Haymarket Media Limited. All rights reserved.

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