Fosun targets deals in Japan and Europe

Liang Xinjun, chief executive, tells FinanceAsia he expects to make European and Japanese acquisitions during 2015 and says the Chinese conglomerate's leverage has peaked.
CEO Liang Xinjun eyes overseas expansion
CEO Liang Xinjun eyes overseas expansion

Fosun is on a roll. China’s largest privately owned conglomerate has spent more than $8 billion in the past two years on acquisitions including a Hollywood movie studio, a Portuguese insurer and a New York tower.

The deal machine is crunching numbers on more targets for this year as it attempts to turn itself into a Chinese version of Warren Buffett’s Berkshire Hathaway.

“I think we’ll buy one or two more financial companies, like an insurer or a bank, especially from Europe or Japan,” Fosun International’s chief executive Liang Xinjun told FinanceAsia. Fosun International is the group’s Hong Kong-listed unit that makes most of its...

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