Chinese group Fosun negotiates first acquisition in Brazil

28 July 2016

Chinese group Fosun is about to make its first investment in Brazil by acquiring of the investment management firm Rio Bravo Investimentos Lda. (Http://www.riobravo.com.br/default.aspx), according to Reuters.

A source cited by the news agency said there was a definite timetable for the completion of the deal and Rio Bravo’s three main partners, one of whom is the former governor of the central bank of Brazil, Gustavo Franco, would continue to head the company.

Rio Bravo Investimentos is an independent investment management company based in São Paulo and has an office in Recife, Pernambuco state.

Founded by billionaire Guo Guangchang, Fosun is now one of the largest private conglomerates in China, with interests ranging from healthcare companies to French travel group Club Med.

In Portugal, the group owns the insurance company Fidelidade and healthcare company Espírito Santo Saúde. (macauhub/BR/CN/PT)

MACAUHUB FRENCH