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Investing.com -- Macquarie Group Ltd (OTC:MQBKY). is preparing to purchase a minority stake in Portuguese hospital operator Luz Saude SA, according to Bloomberg News, citing sources familiar with the matter. The purchase beats competing bids from CVC Capital Partners (WA:CPAP) Plc and KKR & Co (NYSE:KKR).
The Sydney-based financial group has agreed to acquire approximately 40% of Luz Saude from Fidelidade-Companhia de Seguros SA, a Portuguese insurance company controlled by Chinese conglomerate Fosun International Ltd.
The transaction, which values Luz Saude at an enterprise value exceeding €1 billion, could be finalized in the coming days, according to people familiar with the matter.
When contacted about the potential deal, a representative for Fidelidade stated that no formal agreement has been signed with any entity and declined to provide further comments on the transaction.
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