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Fosun reportedly taps Deutsche Bank to advice on sale of Peak Re

Posted On: Nov. 23, 2022 9:06 AM CST


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.