26th Jun 2015 06:24
LONDON (Alliance News) - Private equity firm Cinven confirmed Friday it has sold its remaining 8.4% stake in private hospital group Spire Healthcare Group PLC for GBP115.2 million.
Cinven sold 33.89 million shares in Spire at 340 pence per share. Spire shares closed at 349.00p Thursday.
Cinven previously sold a 10% stake in Spire for GBP136.4 million in April, and on Monday agreed to sell a further 29.9% interest in Spire to Remgro, the major shareholder in South Africa-based private hospital group Mediclinic, for GBP432 million.
Following the completion of the sale of shares to Remgro, Cinven will no longer hold any shares in Spire.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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