China's Fosun to reduce stakes in two Brazilian financial firms

China's Fosun to reduce stakes in two Brazilian financial firms

A company logo of Fosun International is seen at the Fosun Fair held alongside the annual general meeting of the Chinese conglomerate in Hong Kong, China May 28, 2015. REUTERS/Bobby Yip/File Photo

China’s Fosun International Ltd has decided to cut stakes or even divest completely from two financial firms it controls in Brazil, a person with direct knowledge of the matter said on Tuesday.