Fosun Said to Review Options for European Financial Holdings
- Chinese conglomerate reviewing German bank Hauck & Aufhäuser
- Fosun plans up to $11 billion of asset sales in next 12 months
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Fosun International Ltd. is reviewing its holdings in financial institutions in Europe as the Chinese conglomerate explores ways to raise money to repay debt, people familiar with the matter said.
Shanghai-based Fosun is studying options for assets including German lender Hauck & Aufhäuser Lampe Privatbank AG, according to the people. It has also been reviewing some investments in Portugal, they said, asking not to be identified discussing confidential information.