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Mediclinic to buy Spire Healthcare stake from Remgro

Monday, June 22, 2015

Mediclinic International Ltd

* Mediclinic will acquire Remgro's shareholding in Spire for amount totaling about R8.6 billion

* To fund deal via fully underwritten, renounceable rights issue to qualifying mediclinic shareholders of 111.1 million shares at R90per share to raise R10 billion

* Balance of approximately R1.4 billion will be retained by Mediclinic

 

in.reuters.com