plans to acquire 23.9% stake in Singapore-based Parkway Holdings Limited
from TPG Capital
in an off market deal for an undisclosed sum.
However, the deal size is rumored to be around $685mn.Royal Bank of Scotland Plc
and Goldman Sachs Group Inc.
Fortis intends to seek four seats on the board of directors of Parkway and also to nominate Malvinder Mohan Singh (current Chairman of Fortis Healthcare) as the Chairman of the Board of Directors of Parkway.
Transaction Reference: BS