Fosun to extend European reach with German private bank acquisition

9 July 2015 | 2 minutes read

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)…

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