Thursday, February 22, 2018 07:34:12 AM

Khazanah vie for stake in Sri Lanka companies

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Lanka-Hospitals-CorporationKUALA LUMPUR: Khazanah Nasional Berhad and a Singapore hospital chain have both shown interest in buying majority shares in Lanka Hospitals Corporation PLC (LHCL) amidst reports that the Sri Lanka Government may decide to let it go, according to the Business Times.

The state-owned Sri Lanka Insurance Corporation (SLIC) holds a 54.61 per cent stake in LHCL, previously known as Apollo Hospitals Colombo.

Hemas and the Softlogic Group, both local companies, were the first to express interest in LHCL. Softlogic, which controls Asiri Hospital Holdings PLC (Asiri), Asiri Surgical and the Central Hospital, is the largest listed private hospital group in Sri Lanka in terms of revenue and profits. It told Business Times that LHCL would be a lucrative opportunity for the group.

Khazanah, which has a 10 per cent stake in John Keels Holdings through Broga Hill Investment – a Special Purpose Vehicle – has attended presentations by the Sri Lanka Government on four state-owned enterprises viz….

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