Fosun looks for new deals in Portugal

Billionaire Guo Guangchang, chairman and chief executive officer of Fosun Group, pauses during an interview in New York, U.S.

Chinese group Fosun International, one of the candidates for the purchase of Novo Banco, said that Portugal “continues to show growth prospects and very interesting investments,” according to a statement issued in Lisbon.
“Fosun therefore remains committed, not only to develop and support existing investments, but also to seeking out new investment opportunities in Portugal,” said the Chinese group in a statement cited by the Portuguese press.
Reacting to the report issued by the Portuguese central bank that announced the end of the sales process of Novo Banco, the group claimed to understand and accept, without reservation, the decision of the Bank of Portugal, “guided by the need to reduce uncertainty about the bank’s capital needs.” It also noted, “the high level of professionalism, transparency and rigour demonstrated by the teams of the Bank of Portugal and Novo Banco.”
The Bank of Portugal also announced that it wants to resume the sales process after the main factors of uncertainty concerning Novo Banco are taken out of the equation. According to sources cited by the press a new sales process is expected to be launched in late 2015 or early 2016. MDT/Macauhub