Posts tagged: Fosun

Is Fosun about to do a Mike Ashley with Thomas Cook?

Tuesday, 23 April 2019, 6:47 pm

The collapse of Debenhams wasn't exactly Mike Ashley's finest hour.

The owner of Newcastle United Football Club lost £150 million on the 29.9pc equity stake he built over several years after being outmanouvered by the credit funds and the company ahead of a financial restructuring.

Now, though, it would appear Fosun - the Chinese conglomerate led by Guo Guangchang, dubbed China's Warren Buffett - is following a similar path to maverick Mike...

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China outbound M&A. A second wave coming...? - Part 5

Wednesday, 1 August 2018, 8:47 pm

Betaville has been banging on about this second wave of China-backed interest in European businesses for the last month or so.

And today there has been further evidence to back this website's theories. A group of Chinese investors have snapped Irish stockbroker Goodbody for EURO 150 million. Below is a link to a Financial Times report on the deal:..

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