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HONG KONG — Fosun International has reached a deal to sell German private bank Hauck Aufhauser Lampe to Dutch government-backed ABN Amro Bank for 672 million euros ($730.4 million).
Fosun-controlled entity Bridge Fortune is the major shareholder in HAL, which became part of the Chinese conglomerate in 2016. At the time, Fosun was seeking to expand its global footprint through multiple high-profile acquisitions across the private wealth, insurance, travel and health sectors.