Fosun completes takeover of Portuguese insurer Caixa Seguros

China's Fosun International Ltd. recently completed the takeover of Portugal-based insurer Caixa Seguros e Saude S.A., reports Hexun.com.

The deal, which saw Fosun acquire an 80% stake in Caixa Seguros, includes 80% of share capital and voting rights of Caixa Seguros' subsidiaries Fidelidade Companhia de Seguros S.A., Multicare Seguros de Saúde S.A. and Cares Companhia de Seguros S.A.

A Portuguese insurance regulatory official said the move will boost Fosun's and Caixa's international footprint.

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