Singapore's GIC in talks to buy stake in Brazil's Rede D'Or -Bloomberg
May 5 (Reuters) - GIC Pte, Singapore's sovereign wealth fund, is in talks to buy a 14 percent stake worth up to $980 million in Brazil's largest hospital chain, Rede D'Or Sao Luiz, Bloomberg reported, citing people familiar with the matter.
GIC, which could announce a deal within a month, may pick up the stake from the company's founders Moll family and Grupo BTG Pactual SA, Latin America's largest independent investment-banking firm, Bloomberg said. (bloom.bg/1PlEVqG)
Private-equity firm Carlyle Group LP last week paid about $600 million to pick up a stake in Rede D'Or, after a government decision in January allowed foreign ownership of Brazilian hospitals and health clinics.
GIC and Rede D'Or could not be reached for comment. (Reporting by Ankush Sharma in Bengaluru; Editing by Sriraj Kalluvila)
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