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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Fortis Healthcare to buy sister company (sg)

Fortis Healthcare to buy sister company (sg)

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RIO

RIO
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
http://sg.finance.yahoo.com/news/Fortis-Healthcare-buy-sister-rsg-2494960058.html?x=0


NEW DELHI (Reuters) - Hospital chain Fortis Healthcare (India) Ltd will buy Singapore-based sister firm Fortis Healthcare International in a move to bring all of the group's health businesses under one company, boosting the listed firm's shares.

Terms of the all-cash deal will be set by an independent valuer and the transaction will be closed by December, Chairman Malvinder Singh told Reuters. The board of Fortis Healthcare on Monday approved the buyout.

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