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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

BTG Pactual to sell Brazil hospital stake to GIC, source says

Posted on 30 November 2015

Grupo BTG Pactual SA has agreed to sell its 12 percent stake in Rede D’Or São Luiz SA, Brazil’s largest hospital chain, to Singapore’s sovereign wealth fund GIC Pte Ltd for almost 2.5 billion reais ($633 million), a source directly involved in the deal said on Sunday.
An announcement could take place early on Monday, said the source, who requested anonymity in order to speak freely about the deal. Executives at the São Paulo-based bank had been negotiating exiting Rede D’Or since August, although the arrest last week of BTG Pactual’s chairman, André Esteves, sped up talks, two other sources said………………………………………..Full Article: Source


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