China Billionaire’s Fosun Sells Stake In Diamond Concern To Blackstone For $455 Million
forbes.com/sites/russellflannery/2023/05/21/china-billionaires-fosun-sells-stake-in-diamond-concern-to-blackstone-for-455-million
Shanghai Yuyuan Tourist Mart, a retail subsidiary of China billionaire Guo Guangchang-controlled Fosun International, has agreed to sell 80% of its ownership in diamond-related investment arm Alpha Yu to a fund controlled by New York-based Blackrock for $455 million, Fosun said in a statement today.
The sale of the diamond processing and consulting business marks the latest…
This story appeared on forbes.com, 2023-05-22.