Fosun completes acquisition of Ironshore

Chinese conglomerate Fosun International has completed its
acquisition of the remaining 80 percent stake in Bermudian insurer
Ironshore, it announced today (23 November).
Fosun acquired an initial 20 percent stake in Ironshore in
Feburary this year. The completed acquisition of the remaining
stake means Ironshore is now an indirect wholly owned subsidiary of
Fosun.
The Chinese firm initially announced its intention to buy the 80
percent stake in May, for a deal consideration of around
$1.84bn.
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