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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Fortis plans war chest for Parkway

Posted on 10 June 2010

From Hindustantimes.com: Fortis Healthcare, Asia’s largest healthcare provider, is gearing up for a battle to acquire the controlling stake in Singapore-based Parkway Holding. The company’s tussle for Parkway began when Malaysian sovereign wealth fund Khazanah announced a partial cash offer worth $ 835 million to increase its stake in Parkway to 51 per cent from the current 23 per cent.
Fortis had picked up 23.9 per cent stake in Parkway for about $ 685.3 million (nearly Rs 3,100 crore) from TPG Capital…………………………………………Full Article: Source

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