SHANGHAI: China Minsheng Investment Group, one of the country’s largest private investment funds, says it is targeting senior care groups across the world for acquisition.
Chairman Dong Wenbiao said in an interview in Boao on Friday that the Shanghai-based fund is in talks to acquire the largest senior care group in Europe, and has plans to buy a separate elderly care firm in the US. Dong didn’t name any targets for purchase, and a spokesman later declined to comment on whether the European company was Orpea, the largest European senior care provider by market value.
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