Khazanah wins Parkway
Malaysian SWF Khazanah Nasional has reportedly won the battle with Fortis Healthcare for control of Singapore hospital asset Parkway Holdings, after the latter opted to sell its entire 25.37% stake to Khazanah, as the SWF launched a $2.56 billion general offer for the entire business.
This succeeds Khazanah's earlier partial offer for just over 50% of the business. The Khazanah offer for all the shares in Parkway it does not already own values the company at $3.3 billion. Fortis said...
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