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Portugal: Two candidates bid for insurer Caixa Seguros e Sa˙de

December 19, 2013 - 6:00am

Two candidates have presented binding bids for the privatization of Portugal's insurer Caixa Seguros e Sa˙de SGPS S.A., Reuters reported.

The two candidates include Chinese Group Fosun International Ltd. and a unit of Apollo Global Management L.L.C. Local media have said the government expects CGD to pocket over 1 billion euros ($1.37 billion) from the sale.

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