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China Daily | Updated: 2014-08-19 07:22
Fosun will become the top shareholder of Ironshore
Fosun International Ltd will take a stake in United States-based Ironshore Inc by acquiring ordinary shares equivalent to 20 percent of Ironshore's total outstanding ordinary shares on a fully diluted basis, the two companies announced on Monday. Fosun will thus become the largest shareholder of Ironshore. Fosun, an investment group involved in insurance, industrial operations, investment and asset management, has invested more than one-third of its total assets in insurance.
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