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China's Fosun to buy Ironshore in US$1.84b deal

Fosun unit Mettlesome to combine with Ironshore to boost presence in insurance business

Fosun Group is backed by Mr Guo, who has been buying assets ranging from Australian energy companies to New York city office buildings.

Hong Kong

FOSUN International Ltd, the investment arm of China's biggest closely held conglomerate, is planning a US$1.84 billion merger with Ironshore Inc after buying the shares it doesn't already own in the Bermuda-based insurer.

Fosun's unit Mettlesome Investment 2 will combine