Wednesday, 21 August 2019

Exclusive: Two groups, one backed by China's Fosun, bid for NMC Health stake - sources - Reuters

Exclusive: Two groups, one backed by China's Fosun, bid for NMC Health stake - sources - Reuters:

Two groups, including one backed by China’s Fosun (0656.HK), have made competing offers to buy a 40% stake in London-listed NMC Health (NMC.L) worth up to $1.9 billion, four sources familiar with the deal said.

The target stake is jointly owned by the chairman of Abu Dhabi-based investment firm KBBO Group, Khalifa Butti Bin Omeir, UAE-based businessman Saeed Bin Butti Al Qebaisi, and Infinite Investment, a vehicle linked to the two men.

The deal, which shows the growing interest of Chinese companies in the Middle East, could allow the UAE-based investors to realize significant gains after they bought the stake in 2011 for $1 billion.

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