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Fosun looks to offload its stake in Peak Re

Posted On: Oct. 28, 2022 9:58 AM CST


Chinese conglomerate Fosun International Ltd. is mulling the potential sale of its stake in Hong Kong-based reinsurer Peak Reinsurance Co. Ltd., as it looks to pay off its debt, The Standard reported citing Bloomberg. Such a transaction could value Peak Re between $500 million and $1 billion.