Conglomerate lines up $200m for Hellenikon project redevelopment

China' biggest private conglomerate Fosun Group signed an agreement in Greece on Thursday to invest $200 million to develop an old airport in Athens, marking another step in the company's expansion in Europe.

The agreement was signed with Latsis Group, the parent company of real estate firm Lamda Development, at a ceremony in the Zappeion Hall during the visit of Chinese Premier Li Keqiang to the Mediterranean country.