Fosun backs RHJ acquisition of Deutsche's BHF unit
China's Fosun Group is supporting RHJ International in its latest attempt to buy BHF, a leading German private bank, from Deutsche Bank. For Fosun, it represents an opportunity to secure a presence in the eurozone’s largest economy.
RHJ - through its wholly-owned subsidiary Kleinwort Benson Group (KBG) - will acquire 100% of BHF for EUR384 million ($498.5 million) in cash. The deal will be funded by an associated capital increase...
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