Chinese investment group takes stake in Spanish firm

By Georgi Gyton contact

- Last updated on GMT

China meat business expands into Spain

Related tags: Stock market

Spanish food and wine group Osborne has teamed up with Chinese private investment group Fosun in a bid to grow both its domestic and international markets.

Fosun has taken a 20% share of Osborne, through a capital increase.

One of Osborne’s key divisions is Iberian products, such as hams, loins, sausages and jabuguitos.

According to Osborne, its partnership with Fosun will enable it to expand its business through the acquisition of larger beverage companies and brands.

Fosun is listed on the Hong Kong stock exchange with a market value of Euro 6.8bn.

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