#None #Luxembourg #Fosun #HAL

Fosun Completes Sale of German Private Bank HAL for EUR670 Million

On July 1, 2025, Fosun International Limited (HKEX stock code: 00656) announced the completion of the sale of its 99.743% stake in the German private bank Hauck Aufhäuser Lampe Privatbank AG (HAL). The deal, executed through its subsidiary Bridge Fortune Investment S.à r.l., brought in EUR670 million. This strategic divestiture not only underscores Fosun's strong asset management capabilities but also marks a key milestone in its ongoing commitment to optimizing its business portfolio.

Strategic Asset Management

The completion of this sale is a clear demonstration of Fosun's intent to sharpen its focus on core business operations while maintaining a robust financial footing. The successful divestment generated a double-digit internal rate of return (IRR) for Fosun, showcasing its effective strategies in asset operation and value realization. Since acquiring HAL in 2016, Fosun has turned it into one of Germany's prominent private banks, leveraging strategic management and operational efficiencies.

Fosun's history with HAL reflects a profound transformation. Under its guidance, the institution underwent substantial growth facilitated by enhanced merger and acquisition strategies. Notably, Fosun capitalized on this investment by garnering significant income through dividends over the years.

Retaining Key Assets

Despite divesting its banking business, Fosun has retained full ownership of the highly valuable Hauck Aufhäuser Fund Services S.A. (HAFS). This entity operates as an independent third-party service provider in the fund administration sector, managing over EUR 100 billion in assets across key markets such as Luxembourg and Ireland. The synergy between HAFS and HAL, especially in the realm of fund servicing, positions Fosun to continue offering a comprehensive package to clients seeking asset servicing solutions.

Christoph Kraiker, CEO of HAFS, emphasized the importance of leveraging Fosun's global reach to elevate service quality and operational efficiency. He envisions ongoing digital transformation and investment as critical to maximizing client value going forward.

Focused Growth Strategy

This sale reflects Fosun's broader strategy to pursue an asset-light operational model. By divesting from HAL, Fosun has unlocked the latent value of the institution while also emphasizing its commitment to core business development. Wilson Jin, Senior Vice President at Fosun International, highlighted that this transaction aligns perfectly with their asset optimization goals, paving the way for new opportunities without the burden of heavy assets.

Moving forward, Fosun will continue to strategically invest in sectors where it holds competitive advantages, particularly in biopharma, tourism, insurance, and healthcare. This focused approach enables the company to utilize its global resources effectively, creating a synergistic ecosystem that ensures sustainable business growth.

Looking Ahead

As Fosun transitions toward a dedication to core business sectors, it aims to enhance shareholder value and solidify its position as a globally recognized enterprise. With a goal of achieving annual profits of RMB10 billion, this expertly executed sales strategy marks just one step in the company’s long journey. The guidance from leadership and the leveraging of their global network pave the way for sustained growth and innovation across their diversified portfolio.

Fosun, founded in 1992, has transformed into a leading global consumer group, driven by its mission to elevate the happiness of families worldwide in Health, Happiness, and Wealth. Its commitment to innovation and market leadership continues to reinforce its standing on the international stage, evidencing its ability to navigate complex economic landscapes effectively.