in

Brazil’s Hapvida, Intermédica detail share swap in multi-billion hospital merger

[uam_ad id=”317182″]

RIO DE JANEIRO, BRAZIL – Brazilian insurer and hospital operator Hapvida Participações e Investimentos SA and competitor Notre Dame Intermédica Participações SA disclosed the share conversion terms of a previously announced amalgamation that would create the country’s largest hospital chain.

The companies said that Intermedica shares will be merged into Hapvida, with one Intermedica share being swapped for 5.249 Hapvida shares and an additional R$6.45, according to a pair of securities filings . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Reference