Deals
Fosun Weighing Options for More Assets in China and Abroad, Sources Say
- Domestic food and beverage business, Silver Cross under review
- Fosun plans $11 billion non-core assets sale in a year: Citi
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Fosun International Ltd. is exploring options for several assets in China and abroad as the conglomerate seeks to raise capital to repay debt, according to people familiar with the matter.
The Shanghai-based company has told advisers that its domestic food and beverage business, including noodle chain Songhelou, is available for potential investors or buyers, the people said. Fosun is also considering strategic options for its investment in electric vehicle battery maker JEVE, the people said. JEVE was valued at 10 billion yuan ($1.4 billion) last year in its latest funding round, one of the people said.