Deals
Fosun Seeks Pre-IPO Investors for Peak Reinsurance
- Chinese billionaire Guo plans Hong Kong IPO of reinsurance arm
- Conglomerate pushes to monetize assets after $14 billion spree
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Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according to people familiar with the matter.
The sale of shares in Peak Reinsurance Co. could raise about $300 million, the people said, asking not to be identified because the discussions are private. The investment would come ahead of a potential IPO of the reinsurer in Hong Kong, said the people.