LINE

    Text:AAAPrint
    Business

    Fosun acquires Latin American company Rio Bravo Investimentos

    1
    2016-07-31 14:01chinadaily.com.cn Editor: Li Yan

    The Fosun Group, a major China-based investment group, with operations in several countries, signed Saturday an agreement to acquire Rio Bravo Investimentos.

    This is the first equity acquisition by Fosun Group in Latin America, and an important step on further carrying out the strategy of leveraging the strong local investment capabilities, after its acquisition of IDERA Capital in Japan in 2014, Resolution Property in UK in 2015, and incubation of Fosun Eurasia in Russia in 2015.

    The acquisition is part of Fosun's growth strategy in emerging countries and aims to expand the group's businesses in Latin America.

    The agreement signed is an important step for Fosun in its international expansion and allows the group to establish its presence in Brazil and in the larger Latin American region.

    By joining forces with the partnership and management that has guided successfully Rio Bravo in the last 16 years, Fosun expects to fully take advantage of the exceptional period of change and economic renewal that is taking place not only in Brazil but also in neighboring economies.

    With the acquisition, Rio Bravo will be part of Fosun's global network. Current Rio Bravo products and business portfolio will be preserved and will expand to new operational lines according to opportunities and synergies with other international platforms of Fosun Group.

    Furthermore, the integration of a strong investment base like Rio Bravo with Fosun global capabilities, especially with global landscape and professional investment and management capabilities of Fosun Property, provide a true investment gateway from and to the Latin America region.

    As a sign of its commitment to the Brazil and Latin American market, and taking into account Rio Bravo's strong multi asset class investment capabilities, Fosun will provide strong financial support to opportunities in the region, covering real estate, fixed income, public equity and private equity investments.

    Guo Guangchang, Chairman of Fosun, said: "Brazil is geographically a conduit linking Latin America and Asia. With its own distinctive economic characteristics and large size, Brazil has a strong influence in the region. We are very pleased to announce the acquisition of Rio Bravo, marking an important milestone for the laying out of Fosun's globalization strategy of being present in the important emerging economies linking investment opportunities with capital in a global context while maintaining always the local knowledge that comes with strong and well established management."

    Mario Fleck, director of the Rio Bravo, said: "Beyond the expansion in Latin America, the association with the Fosun Group is an opportunity to offer our institutional and individual clients in Brazil a greater spectrum of financial products while opening new regions for investments."

    "In the new cycle of Brazil and the region, the role of international capital in tandem with local capital will be critical for investment success", added Mario Fleck.

    The Rio Bravo Investimentos Group started its activities in 2000 and is a leader in the Brazilian market in the management of real estate funds, also working in private equity, equity funds, credit funds, infrastructure funds, financial consulting and multi-class portfolio management asset.

    The closing and implementation of the acquisition of the transaction should happen as soon as certain conditions set out in the contract signed between the parties are fulfilled.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 禹城市| 牟定县| 延边| 玉山县| 华安县| 壶关县| 奎屯市| 濮阳县| 平原县| 灵川县| 绵阳市| 苗栗县| 安新县| 延吉市| 井冈山市| 大理市| 宜阳县| 沂源县| 凤阳县| 龙海市| 绥滨县| 崇仁县| 二手房| 比如县| 台前县| 花莲县| 普安县| 长子县| 峨眉山市| 南安市| 贵港市| 桦南县| 武隆县| 萍乡市| 通州区| 西峡县| 孝昌县| 威信县| 兰州市| 柳林县| 中阳县|