Fosun Group bidding to take over BHF Kleinwort Benson
July 27, 2015 Category Finance, Weekly
The Chinese group Fosun is bidding to take over Brussels-listed BHF Kleinwort Benson, previously known as RHJ International. Earlier this month, Fosun took over the German private bank Hauck & Aufhäuser (H&A). In 2012 it had already acquired BHF Bank. Fosun already had a 20% stake in BHF Kleinwort Benson, which it increased in the past months to tot 26,2% by partly buying out Tim Collins, the U.S. founder of the former RHJ International.
Meanwhile the buyout of Delta Lloyd Bank Belgium by the Chinese insurance company Anbang Insurance Group has been concluded. The Chinese insurance company paid €206 million to acquire the Belgian subsidiary of Delta Lloyd Group.
Recent News
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world