Amidst greater Chinese government scrutiny on mega overseas M&A deals, Fosun’s billionaire-owner Guo Guangchang defended the Company’s most recent plans for acquiring French margarine maker St-Hubert. He justified Fosun newest purchase in its multi-billion dollar shopping spree abroad by telling employees that Fosun has been growing “at an appropriate pace while reducing debt and improving its financial strength. The conglomerate’s 5.5% bonds due in 2023 were up about 0.25 points on the news of this latest M&A.
No Respite in Fosun’s Buying Spree with French Acquisition
