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Fosun to Sell China Steelmaker Stake for Up to $2.2 Billion

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(Bloomberg) — Fosun International Ltd., a Chinese conglomerate that’s offloading assets to repay debt, said it intends to sell its 60% stake in the parent company of Nanjing Iron & Steel Co. for as much as to 16 billion yuan ($2.21 billion). Read More ...
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