IHH offers RM5.67bil for Ramsay-Sime Darby JV

Sime Ramsey Subang Med Centre

PETALING JAYA: Sime Darby Holdings Bhd has confirmed that the company 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 (JV) Ramsay Sime Darby Health Care Sdn Bhd (RSDHC).

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

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