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Brazil: China’s Fosun making foreign acquisitions

By  |  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.

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    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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