Fosun Group, a Chinese international conglomerate and private investment company, will be seeking more investment opportunities in the United Kingdom and European markets, despite the ongoing volatility due to Britain's decision to leave the European Union, a move often shortened as Brexit.

Shrugging off worries regarding Brexit, Guo Guangchang, chairman of Fosun Group, claimed that it will actually pave way for more investment opportunities for investors in European markets.    

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"For a value investor, volatility is a friend not an enemy. Market volatility and panic will probably bring better investment opportunities. So we are increasingly looking for development opportunities in Europe, and particularly in the UK," Guo said.

Guo asserted that his company, which has made substantial investment in U.K and Europe, has barely been affected by Brexit vote. He stressed on investment opportunities in oil and commodities. "Oil is not trading at a high price, and Fosun has accumulated experience and learned lessons. So we will increase our investment in oil."

However, market analysts say that while Fosun will continue to expand through strategic investments, the company will also have to make efforts to reduce its mounting debt. Fosun's net debt rose by a fifth to 115 billion yuan ($17.3 billion) in the previous year. Many industry experts have voiced concern over Fosun's increasing debt, claiming that it might force the company to curb its global ambition.      

Some reports indicate that mounting debt has made Fosun Group far more conservative on the acquisition front this year. Fosun has reportedly made fewer acquisitions this year than last year. Last month, the company was in the news for acquiring Indian pharmaceutical company Gland Pharma.

TagsFosun Group International, Guo Guangchang, brexit, china