Sime Darby confirms receipt of IHH proposal to amass Ramsay-Sime Darby JV

KUALA LUMPUR: Sime Darby Holdings Bhd has confirmed that Sime Darby Holdings Bhd and Ramsay Well being Care Ltd have acquired a confidential, conditional and non-binding proposal from IHH Healthare to amass 100% of their 50:50 jount enterprise Ramsay Sime Darby Well being Care Sdn Bhd.

In a submitting with Bursa Malaysia, Sime Darby mentioned the conditional indiative enterprise worth for the JV is RM5.67bil or US$1.35bil on a cash-free, debt-free foundation.

“Having reviewed the Indicative Proposal, SDH and Ramsay SDH have agreed to a interval of exclusivity for 4 weeks when due diligence commences to permit IHH to conduct due diligence and negotiate a sale and buy settlement.

The discussions between SDH, Ramsay and IHH are preliminary and no settlement has been reached in relation to the Indicative Proposal.

“There isn’t any assure that an settlement might be reached in respect of the Indicative Proposal or {that a} transaction will eventuate,” it mentioned.


Source link

Leave a Comment