Fosun Plans Asset Sales in Reversal of $15 Billion M&A Spree

  • Chinese group could sell up to $6 billion in assets, CEO says
  • Retrenchment makes Fosun outlier in record year for China M&As

Fosun to Sell Up to $6 Billion in Assets

Fosun Group, one of China’s most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk.

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