Sime Darby confirms receipt of IHH proposal to acquire Ramsay-Sime Darby JV


KUALA LUMPUR: Sime Darby Holdings Bhd has confirmed that Sime Darby Holdings Bhd and Ramsay Health Care Ltd have received a confidential, conditional and non-binding proposal from IHH Healthcare to acquire 100% of their 50:50 joint venture Ramsay Sime Darby Health Care Sdn Bhd.

In a filing with Bursa Malaysia, Sime Darby said the conditional indicative enterprise value for the JV is RM5.67bil or US$1.35bil on a cash-free, debt-free basis.

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