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China's Fosun on Saturday signed an agreement to acquire Brazil-based investment management firm Rio Bravo, according to a statement, just a day after the Chinese conglomerate announced another massive overseas deal. Fosun, which has interests ranging from property to mining, said it will buy the controlling share of privately-owned Rio Bravo Investimentos, but did not give a value for the deal. Fosun did not immediately respond to request for comment.
China General Nuclear Power Corp (CGN) on Saturday said it respects the decision of the new British government to review a nuclear power project in which it would hold a major stake, according to a statement on the company's official microblog. "We understand, given the importance of the Hinkley Point C programme to England's future energy security, that the new British Government has expressed a need for time to familiarize itself with the programme. CGN understands and respects this," the company said.