World Finance, a UK professional financial magazine, announced the winner list of Project Finance Deals of the Year 2014. Fosun’s acquisition into Fidelidade, the largest insurance group in Portugal, was named the “Best Privatization Deal of the Year” by the World Finance.

World Finance indicated that Fosun’s acquisition into Fidelidade, Multicare, Cares, collectively the largest insurance group in Portugal, had marked an important and strategic move for Fosun in pursuing its goal of becoming a world-class leading investment group, providing an opportunity for Fosun to jump on the bandwagon of Portugal’s leading finance industry while growing its presence in Europe and reaping the benefits from its investments in other industries. Meanwhile, the privatization is also a milestone for Caixa Geral de Depósitos S.A. (CGD)’s insurance operations, enabling them to grow, develop and remain competitive on a long-term basis as they look to move forward.

World Finance is a professional financial magazine headquartered in the United Kingdom. World Finance covers markets in Asia, Latin America, Europe, the Middle East, Africa etc., focusing on areas including banking, wealth management, risk management, investment management and corporate governance, etc. Since 2007, World Finance has been compiling awards lists every year in recognition of outstanding enterprises or investment projects among industries including banking, insurance, investment management, pension fund management, wealth management and corporate governance.