Brazil's Rede D'Or reaches 12% stake in insurer SulAmerica
FILE PHOTO: The logo of the Rede D'Or Sao Luiz SA hospitals chain is pictured at Rios D'or Hospital in Rio de Janeiro, Brazil December 2, 2015. REUTERS/Ricardo Moraes
SAO PAULO: Brazilian insurer SulAmerica Seguros SA said on Monday the hospital chain Rede D'Or and its controlling shareholders have reached a 12 per cent stake in the company.
Rede D'Or is set to acquire SulAmerica Seguros in a 13 billion-real (US$2.70 billion) deal combining Brazil's largest hospital network with one of the country's major independent insurance companies.
Source: Reuters
