Translate

Friday, March 12, 2010

Fortis to fund Parkway buy via loan, rights

Hospital chain Fortis Healthcare plans to fund its stake buy in Singapore's Parkway Holdings through a short-term loan and money raised through its recent rights issue, a top official said.

The company will go for a short-term loan to fund the deal as it puts in place a plan to raise money through equity, warrants, or currency bonds, Managing Director Shivinder Mohan Singh told reporters today.

Fortis Healthcare said on Thursday it would buy 23.9 per cent of Singapore's Parkway Holdings from US buyout firm TPG Capital in a $685 million deal that will give the Indian hospital chain a foothold in Singapore and Malaysia and make it the biggest private hospital network in Asia.

No comments:

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Thursday, Jun 12
18:00 Producer Price Index ex Food & Energy (MoM) 2 0.1% 0.3% -0.2% Revised from -0.4%
20:00 EIA Natural Gas Storage Change 1 109B 108B 122B
21:00 4-Week Bill Auction 1 4.08% 4.17%
21:30 USDA WASDE Report 1
22:30 30-Year Bond Auction 1 4.844% 4.819%
Friday, Jun 13
04:00 Business NZ PMI 2 53.9
14:00 Consumer Inflation Expectations 2 3.4%
18:00 Manufacturing Sales (MoM) 1 -2.0% -1.4%
18:00 Capacity Utilization 1 79.8% 79.8%
18:00 Wholesale Sales (MoM) 1 -0.9% 0.2%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener