Fosun plan to buy Gemfields

FOSUN joined the race for Fabergé owner Gemfields after it made an initial proposal regarding a possible cash offer for the British company that mines for emeralds and amethysts in Zambia and ruby and corundum in Mozambique. China’s Fosun Gold, part of Fosun International, proposed to buy Gemfields at 40.85 pence (R6.63) per share, a premium of 15.1 percent to Gemfield’s closing price of 35.5 pence on Tuesday. The proposal values Gemfields at £224.6 million (R3.65 billion). – Reuters