Brief: Ramsay Health Care Announces Sale Of Ramsay Sime Darby Joint Venture

Ramsay Health Care

12/11/2023 21:07

Nov 13 (Reuters) - Ramsay Health Care Ltd  RHC.AX :
    * SALE OF RAMSAY SIME DARBY JOINT VENTURE
    * REACHED AGREEMENT ON SALE OF ITS 50:50 JOINT VENTURE IN
ASIA,
RAMSAY SIME DARBY HEALTH CARE
    * DEAL FOR MYR6,056M
    * EXPECTS NET PROFIT AFTER TAX ON SALE OF ITS SHARE OF JOINT
VENTURE WILL BE APPROXIMATELY A$630M
    * DEPENDING ON TIMING OF COMPLETION, FY24 NET INTEREST COSTS
EXPECTED AT LOWER END OF A$570-600M
    * PROCEEDS TO RAMSAY EXPECTED TO BE ABOUT A$935M AND WILL BE
USED
TO PAY DOWN DRAWN DEBT OF FUNDING GROUP

Source text for Eikon:  ID:nASX15ZVR6 
Further company coverage:  RHC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))