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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Is it too late for Fortis, Khazanah to reach a settlement?

Posted on 19 July 2010

From Todayonline.com: In a week, Malaysian sovereign wealth fund Khazanah Nasional, which is locked in a battle with India’s Fortis Healthcare for control of Parkway Holdings, will have to make known what its next move on the Singapore healthcare provider is going to be.
Khazanah’s original move - of a partial offer to double its stake in Parkway from the present 23.8 per cent to a controlling 51.5 per cent at $3.78 a Parkway share - has more or less failed with investors holding just another 1.2 per cent of Parkway shares in issue tendering their holdings to the Malaysian bidder……………………………………….Full Article: Source


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


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