Cruz Blanca board signals approval of Bupa offer

Cruz Blanca board signals approval of Bupa offer

Equity

Cruz Blanca Salud’s board of directors has recommended shareholders participate in a tender offer for control of the firm by Spain’s Grupo Bupa Sanitas, saying they see the deal as favorable. The Spanish firm launched a tender for up to 56% of the firm earlier this month. It is offering CLP525 ($0.97) per share, and is targeting a minimum of 50.1% of the firm, equal to 360m shares. The directors presented their opinions on the offer in a regulatory filing published on Wednesday, saying the price

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial