Thursday 22 August 2019

NMC Health shares jump on report of Chinese interest in stake | Financial Times

NMC Health shares jump on report of Chinese interest in stake | Financial Times:

Shares in NMC Health shot up as much as 42 per cent on Thursday morning after a media report that two groups, including one backed by China’s Fosun, had made competing offers to buy a significant stake in the private healthcare group. 


According to Reuters, the bidders are offering up to £1.5bn for a 40 per cent holding in the UAE-based company. The stake is currently 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 report said.

NMC declined to comment on the matter.

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