GBL near to US$1.7bil Affidea deal with Swiss tycoon


LONDON: European investment firm Groupe Bruxelles Lambert (GBL) SA is nearing a deal to buy health-care services firm Affidea from Switzerland’s richest person Ernesto Bertarelli, according to people familiar with the matter.

A deal could be announced this week after GBL, as the Belgium-based holding company is known, outbid rivals including industry players and private equity firms, the people said, asking not to be identified because the matter is private.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

China's exports and imports return to growth, signalling demand recovery
Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices
Oil rises on US crude storage draw, China imports show year-on-year gain
FBM KLCI retreats to 1,600
Volkswagen to establish Malaysia as export hub - Tengku Zafrul
Microsoft's staggering investment a technological shot in the arm for Malaysia
More job replenishment opportunities for Kerjaya Prospek
Philippines Q1 GDP grows 5.7% y/y
Ringgit opens easier against US$ ahead of OPR decision
FBM KLCI drifts as investors await fresh leads

Others Also Read