Fosun’s Fidelidade Hires Natixis for Luz Saude Stake Sale (1)

Fidelidade-Companhia de Seguros SA, a Portuguese insurer controlled by Fosun International Ltd. of China, has hired Natixis to explore the potential sale of a minority stake in hospital operator Luz Saude.

The Portuguese firm is looking for a possible strategic partner that will enable the Luz Saude unit to continue to expand its operations, a spokesperson at Lisbon-based Fidelidade said in response to questions from Bloomberg News.

Fidelidade suspended a plan to carry out an initial public offering of Luz Saude in April, citing instability in capital markets. It was seeking a valuation of at least €1 billion ($1 ...