Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Fosun confirms investment intent

  • John Hewitt Jones 29 March 2018
  • Chinese conglomerate Fosun has said it intends to spend $3.2bn on technology in the next three years after an active 2017 for overseas dealmaking, the company's CEO told the Financial Times.

    The interview was published as Fosun was contemplating a new bid for Greek state-owned insurer Ethniki after Exin Group lost an agreement for deal exclusivity on Wednesday.

    Fosun CEO Wang Qunbin quantified the technology investment figure in an interview following the release of full-year results for 2017 which showed...

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