Fosun to acquire majority stake in Wolford, ahead of takeover bid

London - Fosun Industrial Holdings Limited is set to acquire a majority stake in luxury Austrian textile manufacturer Wolford AG. The Chinese financial investor has come to an agreement with the main shareholder of the struggling group and is set to take over more than 2.5 million shares, approximately 50.87 percent of the total share capital of Wolford for 12.80 euros per share.