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Brazil's Rede D'Or reaches 12% stake in insurer SulAmerica

Brazil's Rede D'Or reaches 12% stake in insurer SulAmerica
Brazil's Rede D'Or reaches 12% stake in insurer SulAmerica -  Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on
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SAO PAULO - Brazilian insurer SulAmerica Seguros SA said on Monday the hospital chain Rede D'Or and its controlling shareholders have reached a 12% stake in the company.

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Rede D'Or is set to acquire SulAmerica Seguros in a 13 billion-real ($2.70 billion) deal combining Brazil's largest hospital network with one of the country's major independent insurance companies.

($1 = 4.8149 reais)

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