Bradesco Increases Fleury stake

Bradesco Increases Fleury stake

Brazil M&A

Minority investors including a subsidiary of Bradesco have increased their stake in Brazilian healthcare services group Fleury, Fleury says, spending BRL278m ($128m). The Delta FM&B investment fund has exercised a put option to sell Fleury shares to the Integritas vehicle through which the Core Participacoes fund and Bradesco’s Bradseg Participacoes hold their stake in Fleury. Core acquired 9.8m shares, or 6.27%, and Bradseg bought 3.3m shares, or 2.11%, all at a BRL21.05 strike price previously

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