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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Possible bidding war over Parkway

Posted on 31 May 2010

From Asiaone.com: Just two months after India’s Fortis Healthcare bought a 23.9 per cent stake in Parkway, Integrated Healthcare Holdings (IHH) - a unit of Malaysian sovereign wealth fund Khazanah - has launched a $1.18 billion partial takeover offer for Parkway.
If its bid is successful, it will more than double its stake in Parkway Holdings, from 24 per cent to 51.5 per cent, and hold a controlling stake in the owner of Singapore’s Gleneagles and Mount Elizabeth hospitals…………………………………….Full Article: Source


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


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