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Fosun International

Fosun International

China's Fosun to buy U.S. insurer to help finance acquisition spree

Chinese conglomerate Fosun International Ltd is making its first foray into the U.S. insurance market and buying property and casualty insurer Meadowbrook, a deal that it said would help it secure funds for further acquisitions.

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Novo Banco

Apollo Global may bid for Portugal's Novo Banco

Private equity firm Apollo Global Management LLC (APO.N) is considering making a bid for Portuguese lender Novo Banco SA, the bank carved out of Banco Espirito Santo SA (BES) (BES.LS), Bloomberg reported, citing people familiar with the matter.

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Sinopec

Sinopec sells $17.5 billion stake in retail unit to investors

Sinopec Corp will sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors, Asia's top oil refiner said in a statement on Sunday.

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Beijing, China

China Huarong says Goldman, Warburg, others to buy $2.4 billion stake

China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, said on Thursday regulators have approved a deal for it to sell a 20.98 percent stake to a consortium of eight investors for 14.5 billion yuan ($2.4 billion).

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Forbes Media Chairman and Editor-in-Chief Steve Forbes

Fosun International likely to acquire Forbes Media for less than $250M

China-based Fosun International Ltd is the most likely acquirer of Forbes Media Llc but will be paying less than $250 million for the money management magazine, according to sources interviewed by The Deal Pipeline.

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Forbes Media Chairman and Editor-in-Chief Steve Forbes

Forbes attracts Germany's Axel Springer and other bidders -report

New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.

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Fosun International

Fosun seals USD500 million convertible bond deal

Fosun International raised USD500 million from selling convertible bonds.

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Fosun International

Fosun agrees to build a holiday resort on Hainan Island

Fosun International partnered with Kerzner for a hotel project worth nearly CNY 10 billion on China's Hainan Island.

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Portugal

Portugal shortlists bidders for Caixa Seguros

Caixa Seguros bidders whittled down to two.

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Asia Private Equity Weekly News, June 18, 2012

News and developments in Asia private equity from Reuters News for the week ending June 15.

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