Thursday, 26 June 2014

Fosun Investment in Athens


Fosun Investment in Athens

China' biggest private conglomerate, Fosun Group, signed an agreement in Greece on June 19 to invest $200 million to develop the old airport in Athens, marking another step in the company's expansion in Europe.

The agreement was signed with Latsis Group, the parent company of real estate firm Lamda Development, at a ceremony in the Zappeion Hall during the visit of Chinese Premier Li Keqiang to the Mediterranean country.

The two companies will join hands to develop the former airport in the Greek capital at Hellenikon area, 8 km from downtown Athens, in which Fosun will invest $200 million, as well as seek broader cooperation in the future.