Private bank and wealth manager BHF Kleinwort Benson has received a takeover approach from Chinese investment bank Fosun International.
In a regulatory announcement this morning, Kleinwort Benson said it had received a notification from the Financial Services and Market Authority that Eastgate Billion was considering a takeover of the company. Eastgate Billion is a subsidiary of Fosun International, which currently holds 19.5% of the voting rights in the company and has already agreed to acquire a 9.1% stake from former Kleinwort owner Timothy Collins. M&A, new launches and profit pressure: The top wealth stories of Q2 Fosun has now signalled its intention to table a cash takeover for the remaining shares it doe...
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