Australia's Ramsay Health Care hits six-month high on plans to spin off French unit
20/02/2026 04:50
** Shares of Ramsay Health Care RHC.AX rise as much as 4.5% to A$39.19, their highest since August 18 ** Co says it plans to distribute its 52.79% stake in Ramsay Sante GDSF.PA to its shareholders, effectively separating from its long-underperforming French-listed business ** Healthcare services co adds distribution is expected in Q4 of 2026, subject to approvals ** Hayden Beamish, chief investment officer at Endeavor Asset Management, said the development was long overdue since "Sante has been a persistent drag, loss-making in Europe, consuming capital" ** YTD shares up 12.8% (Reporting by Shruti Agarwal in Bengaluru) ((Shruti.Agarwal@thomsonreuters.com))
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