10.06.2010 - Fortis plans war chest for Parkway
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
Print