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  • September 16, 2014
  • Last updated: 9:46am
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  1. Business - Companies - ACQUISITIONS

    Fosun acquires 20pc of Ironshore for US$463.83m as it continues insurance push

    Posted Aug 18th 2014, 10:04am by Peggy Sito

    ... Peggy Sito peggy.sito@scmp.com Shanghai-based Fosun International has stepped up its investment in the global insurance industry with the announcement that it is acquiring a 20 per cent ... and Singapore. Fosun chairman Guo Guangchang said the deal would further expand the group’s insurance business and strengthen its ability to access long-term, high-quality capital. Fosun has been seeking ...

  2. Business - Companies - ACQUISITIONS

    Manulife to buy Standard Life’s Canadian operations for C$4b

    Posted Sep 04th 2014, 09:33am by Reuters

    ... expands the insurer’s presence in Quebec. The Toronto-based insurer, already Canada’s largest, said the transaction would boost earnings after the first year and more than double its presence ... the access and growth opportunities in Quebec were a huge bonus. “Quebec is a market that has been to an extent ignored by a lot of the large Canadian insurers, so this deal gives Manulife a quick ...

  3. Business - Companies - ACQUISITIONS

    Dai-ichi Life looks to buy US insurer Protective Life

    Posted Jun 03rd 2014, 01:30am by Reuters

    ... Reuters in Tokyo Deal-hungry giant in talks for Protective Life, a source says, with a tipped US$5b-plus price tag ranking as the biggest move by a Japan insurer Dai-ichi Life looks to buy U.S. insurer Japanese insurer Dai-ichi Life is in advanced talks to buy Protective Life of the United States in a deal that could be worth more than US$5 billion, a source said yesterday. ...

  4. Business - Companies - ACQUISITIONS

    Fosun shrugs off debt concerns as it looks for more overseas acquisitions

    Posted Aug 22nd 2014, 09:28am by Toh Han Shih

    ... including €1 billion (HK$10.3 billion) to acquire majority stakes in three Portuguese state-owned insurance firms. Zhong declined to comment on reports that Fosun was seeking to buy US insurer Aurora National Life Insurance for up to US$500 million from Swiss Re. Fosun's most recent overseas acquisition was a 20 per cent stake in US insurer Ironshore for US$468.83 million, which ...

  5. Business - Companies - ACQUISITIONS

    Fosun’s debt-fuelled shopping spree worries analysts

    Posted Aug 05th 2014, 02:57pm by Toh Han Shih

    ... acquisitions like its €1 billion (HK$10.4 billion) deal to buy three Portuguese state insurers in May," said Hu Kai, a senior credit officer at Moody's. In May, Fosun completed its €1 billion acquisition of 80 per cent of three Portuguese state-owned insurers, Fidelidade-Companhia de Seguros, Multicare-Seguros de Saude and Cares-Companhia de Seguros, beating an offer from Apollo Global ...

  6. Business - Companies - ACQUISITIONS

    Fosun joins Tom Tailor management in buying 23pc of German firm

    Posted Aug 01st 2014, 02:02am by Toh Han Shih

    ... Fidelidade-Companhia de Seguros, the largest Portuguese insurance firm. The previous owner of the 23.16 per cent stake in Tom Tailor was a Liechtenstein company, Versorgungs und Förderungsstiftung. This is Fosun's fifth overseas investment since May, when it bought 80 per cent of three Portuguese insurance firms, including Fidelidade, for a total cost of €1.04 billion. Tom Tailor has a convincing ...

  7. Business - China Business - ACQUISITIONS

    Fosun pays HK$12.7b for three Portuguese insurance firms

    Posted Jan 11th 2014, 01:21am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Fosun acquires three Portuguese insurers for €1.21b Fosun International, a Hong Kong-listed investment company, has beaten a US firm to acquire three Portuguese state-owned insurers for €1.21 billion (HK$12.76 billion). The Shanghai-based company's share price rose 4.97 per cent to HK$7.61 in heavy trading yesterday. Fosun said yesterday ...

  8. Business - Companies - ACQUISITIONS

    Fosun beats out Australian firm to buy Roc Oil

    Posted Aug 04th 2014, 10:29am by Toh Han Shih

    ... be Fosun's first direct investment in the oil and gas industry and sixth overseas deal since May. Its recent investments were in Portuguese insurance firms and German fashion retailer Tom Tailor. ...

  9. Business - China Business - ACQUISITIONS

    Citic Pacific unveils star backing for landmark deal

    Posted May 15th 2014, 01:43am by Eric Ng

    ... will acquire a HK$780 million stake. Qatar Holding and Temasek are sovereign funds. The biggest commercial purchases are HK$3.9 billion from China Life Insurance and HK$2.3 billion from insurance giant ... and Commercial Bank of China. Other investors include Taiwanese insurers CTBC Life Insurance and Fubon Life Insurance, Japan's Tokio Marine & Nichido Fire Insurance and Mizuho Bank, ...

  10. Business - Companies - ACQUISITIONS

    AXA buys into Shanghai car insurer Tianping

    Posted Apr 25th 2013, 12:00am by Kwong Man-ki

    ... players AXA buys into car insurer Tianping European insurer AXA is a step closer to becoming the largest foreign property and casualty insurer in China after agreeing to buy half of Chinese motor insurer Tianping Auto Insurance for 3.9 billion yuan (HK$4.9 billion). AXA, headquartered in France, said yesterday it had agreed to pay 1.9 billion yuan for a 33 per cent stake in Tianping from ...




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