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Brazil: China’s Fosun making foreign acquisitions

 |  July 28, 2016

Fosun International Ltd is in advanced talks to buy Brazilian fund manager Rio Bravo Investimentos Ltda, a source familiar with the matter said on Wednesday, in what would be the Chinese firm’s first investment in the country.

The source requested anonymity because the deal is private and did not elaborate on the terms timetable of the deal.

Rio Bravo manages about $3 billion of client’s money distributed in liquid funds, real estate and private equity investments while Fosun manages about $50 billion in assets.

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