Insurance Post

Fosun eyes state-owned Portuguese insurer

portugal2

Chinese conglomerate Fosun which owns the majority of Peak Re reinsurer has been shortlisted as one of five potential buyers of the largest insurer in Portugal.

The Portuguese government is looking to privatise the insurance arm of state-owned bank Caixa Geral de Depositos as a condition of the country's bailout from the EU and International Monetary Fund

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