Deals
Fosun Offers to Buy BHF Kleinwort Benson for $545.5 Million
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Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, offered to buy out other investors in BHF Kleinwort Benson Group SA for as much as 500 million euros ($548 million).
Billion Eastgate, wholly owned by Fosun, will offer 5.10 euros apiece for the 97.6 million shares that it or affiliated parties don’t already own in Brussels-based BHF Kleinwort Benson, Fosun said in a statement to the Hong Kong stock exchange. Trading in BHF Kleinwort Benson shares was halted earlier Friday.