29.05.2015 - Singapore’s GIC Buys Stake in Brazil’s Hospital Operator Rede D’Or
Singapore’s sovereign-wealth fund GIC Pte. Ltd. has agreed to buy an undisclosed stake in Brazilian hospital operator Rede D’Or São Luiz, investment bank BTG Pactual SA said on Thursday. BTG said GIC will pay 1.6 billion Brazilian reais ($508 million) for its shares in Rede D’Or. According to Valor Economico newspaper, GIC agreed to acquire a total stake of 15.3% in Rede D’Or for 3.2 billion Brazilian reais, with the company’s founding Moll family and BTG selling equal stakes. A BTG spokesman declined to provide further details on Thursday. GIC and Rede D’Or representatives weren’t immediately available for comment....................................Full Article: Source
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