Fosun is on a roll. China’s largest privately owned conglomerate has spent more than $8 billion in the past two years on acquisitions including a Hollywood movie studio, a Portuguese insurer and a New York tower.
The deal machine is crunching numbers on more targets for this year as it attempts to turn itself into a Chinese version of Warren Buffett’s Berkshire Hathaway.
“I think we’ll buy one or two more financial companies, like an insurer or a bank, especially from Europe or Japan,” Fosun International’s chief executive Liang Xinjun told FinanceAsia. Fosun International is the group’s Hong Kong-listed unit that makes most of its...
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