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Fosun subsidiary acquires German private bank Bankhaus Lampe

A subsidiary of Fosun International has acquired a 100% stake in Germany’s Bankhaus Lampe, marking a push by the Chinese conglomerate to expand its presence in Europe’s private banking space. Financial terms of the purchase of Bankhaus Lampe by Hauck & Aufhäuser (H&A), a unit of Shanghai-headquartered Fosun, were not disclosed. The merged bank, which will be named Hauck Aufhäuser…

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