Fosun reportedly taps Deutsche Bank to advice on sale of Peak Re
Posted On: Nov. 23, 2022 9:06 AM CST![M&A](https://bicontent.businessinsurance.com/d43f7d14-1c8f-4301-bd41-e6069f786e77.jpg)
Chinese conglomerate Fosun International Ltd. has reportedly appointed Deutsche Bank AG to advise on the potential sale of its stake in Hong Kong-based Peak Reinsurance Co. Ltd., Asia Insurance Review reported citing Reuters. Fosun International, which is under huge debts, owns 86.9% of Peak Re.