Johannesburg - Mvelaphanda Group [JSE:MCG] has disposed of its
remaining interest in private hospital operator Life Healthcare Group [JSE:LHC] through two
separate transactions for a total cash consideration of R328.14m.
Mvela Group disposed of shares in Life Healthcare for
R192.8m on the open market.
The disposals are part of Mvela Group's value unlocking
strategy in order to realise value for its shareholders, and the proceeds would
be utilised in the most appropriate manner as determined by the board, it said.