DeA Capital announces that Santé SA (of which it holds 43%) and Santé Developpement Europe SAS have opened an exclusive negotiation, which will last until 6 June, for the sale of their 83,42% in the capital of General Health, the leading private hospital group in France, at a price of 16,75 euros per share.
The investment company specifies that the joint non-binding offer was presented by Ramsay Health Care, Crédit Agricole Assurances and Ramsay Santé. If a binding agreement is reached within the deadline, a takeover bid will be launched on the French group.
In the wake of the news, Dea Capital shares gained 5,5% this morning in Piazza Affari, to 4,45 euros.
Founded in 1987, Générale de Santé (GdS) is a company listed on the Eurolist market in Paris and operates in the private healthcare sector in France. GdS, we read on the DeA website, brings together 106 clinics. In 2012 it recorded revenues of approximately two billion euros and a gross operating margin of 240 million.
Three representatives of DeA sit on the supervisory board of the group: Lorenzo Pellicioli (vice-president), Paolo Ceretti and Carlo Frau. Other investors in the Santè holding include Antonino Ligresti, through Santé Holding Srl, and Mediobanca.
