Private Chinese conglomerate Fosun has bid for a 219-year-old German private bank as it continues to aggressively expand overseas. This will be the first direct Chinese acquisition of a German bank. The diversified Shanghai-headquartered firm, which has businesses in resources, pharmaceutical, finance and insurance, said today that it has made an offer to buy Hauck & Aufhäuser Privatbankiers KGaA (H&A)…
Have a confidential tip? Get in touch [email protected]