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Sovereign Wealth Funds Briefing - Categorized | Investment

Khazanah bids for Parkway control, challenges fortis

Posted on 28 May 2010

From Business-standard.com: The battle for control of Parkway Holdings, Asia’s largest hospital chain, is set to be fought in Singapore. Khazanah, the Malaysian government-owned investment fund, which is the second largest shareholder in Parkway through Integrated Healthcare Holdings, has fired the first salvo by offering S$1.18 billion (US $710 million or over Rs 3,900 crore) for a majority stake in the company that is currently controlled by the Singh-family promoted Fortis Healthcare.
The Singh brothers — Malvinder and Shivinder — refused to comment but are expected to launch a counter bid to retain their control……………………………………….Full Article: Source


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