Fosun Weighs Sale of Belgian Diamond-Grading Firm IGI, Sources Say
- Chinese firm working with Deutsche Bank on proposed divestment
- Deal could value Antwerp-based company at around €200 million
Photographer: Yuri Kadobnov/AP/Getty Images
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Fosun International Ltd. is weighing a sale of International Gemological Institute in a deal that could value the diamond-grading firm at about €200 million ($215 million), according to people with knowledge of the matter.
The Chinese conglomerate is working with Deutsche Bank AG on the potential divestment of the Antwerp, Belgium-based institution, said the people, who asked not to be identified as the information is confidential.