HBI Deals+Insights / M&A/IPOs

GIC buys stake in Rede D’Or

The Brazilian healthcare market continues to open up with the Singaporean sovereign wealth fund, GIC, buying a stake in the hospital group, Rede D’Or. Valor Economico, a local newspaper, says it has taken a 15.3% stake, with the bank BTG and the founding Moll family selling equal parts. A price of $1.01bn (3.2bn reals) values the company at $6.6bn.

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