Chinse investment firm acquired stake in Portuguese firm for $185 million
Chinese investment firm Fosun Capital have acquired a 16.7 percent stake in Portuguese lender Banco Comercial Portugues for $185 million.
Founded in 1985, Banco Comercial Portugues is Portugal's biggest publicly traded lender by assets. According to Bloomberg, Fosun has been one of the most acquisitive Chinese firms in the past three years, buying foreign assets such as French resort chain Club Mediterranee SA and Canadian circus operator Cirque du Soleil.
Fosun is listed in the Chinese Investors Directory with the code MA156.
More details follows
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