Wealth and Asset Management
China’s Fosun to Buy Private Bank in Push for German Wealth
Fosun International Ltd., backed by Chinese billionaire Guo Guangchang, will buy German private bank Hauck & Aufhaeuser Privatbankiers KGaA for as much as 210 million euros $231.6 million to expand access to the country’s wealthy. More than 80 percent of Hauck & Aufhaeuser’s shareholders agreed to the offer and the…
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Click here to read the full story: Bloomberg