Singapore’s sovereign wealth fund, GIC Pte, is in talks to buy a 14 per cent stake, worth up to $980 million, in Brazil’s largest hospital chain, Rede D’Or Sao Luiz, a report said.
Citing people familiar with the matter, Bloomberg said that GIC plans to pick up this stake from the hospital chain’s founding Moll family and Grupo BTG Pactual, while adding that the deal could be announced within a month.
