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Fortis Healthcare buys 85pct in Singapore’s RadLink-Asia for $50mln | Sovereign Wealth Funds Briefing
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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Fortis Healthcare buys 85pct in Singapore’s RadLink-Asia for $50mln

Posted on 02 February 2012

Fortis Healthcare (India) Ltd has acquired 85 per cent stake in Singapore’s RadLink-Asia Pte Ltd for S$62.9 million or $50 million (Rs 251 crore), the company has disclosed in a statement to the Bombay Stock Exchange. Fortis is backed by Singapore’s sovereign wealth fund GIC.
This is the first overseas acquisition by the public-listed firm after it bought and merged Fortis International, the privately held firm controlled by its promoter billionaire brothers Malvinder and Shivinder Singh, in a $665 million deal………………………………………..Full Article: Source


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VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


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