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Report: Fosun International mulls sale of German insurance business

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Report: Fosun International mulls sale of German insurance business

Fosun International Ltd. is considering a potential sale, among other options, of its Germany-based insurance business, Frankfurter Leben Holding Gmbh & Co. Kg, Bloomberg reported.

The Chinese conglomerate was in talks with potential advisers about options for the German insurer, but the review is still at an early stage, people with knowledge of the matter said. Fosun International has yet to make any final decision and could still decide against a sale, according to the report.

Frankfurter Leben reported net income of €13.4 million and managed about €9.3 billion of investments in 2018.