Tuesday’s deal is the second acquisition of a Brazilian financial institution by Fosun. It bought fund manager Rio Bravo Investimentos in 2016. Photo: AFP

Fosun resumes its overseas shopping spree with US$52m purchase of Brazil asset manager

Brazilian commercial bank Banco Indusval will retain up to a 20 per cent stake in Guide Investimentos

Topic |   Fosun Group

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Tuesday’s deal is the second acquisition of a Brazilian financial institution by Fosun. It bought fund manager Rio Bravo Investimentos in 2016. Photo: AFP
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