Brief: GBL Acquires Majority Stake In Sanoptis

Groep Brussel Lambert NV

20/04/2022 06:40

April 20 (Reuters) - Groep Brussel Lambert NV  GBLB.BR :
    * GBL ACQUIRES A MAJORITY STAKE IN SANOPTIS
    * IS COMMITTING UP TO EUR 750 MILLION IN EQUITY FOR THIS
TRANSACTION
    * SANOPTIS IS EUROPEAN OPHTHALMOLOGY SERVICES PROVIDER WITH
OVER
250 FACILITIES, SERVING BOTH PUBLICLY AND PRIVATELY INSURED
PATIENTS
    * GROUP’S LONG-TERM OBJECTIVE IS THAT PRIVATE AND
ALTERNATIVE
INVESTMENTS ACCOUNT FOR APPROXIMATELY 40% OF ITS PORTFOLIO
(VERSUS 25% AS OF END 2021)
    * AS PART OF THE TRANSACTION, THE INCUMBENT MANAGEMENT WILL
INCREASE ITS STAKE IN THE COMPANY BY WAY OF A SUBSTANTIAL
REINVESTMENT
    * THE TRANSACTION IS EXPECTED TO BE COMPLETED IN THE SECOND
QUARTER OF 2022

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL8M9mh5
Further company coverage:  GBLB.BR 

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