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Mvelaphanda sells Life Health stake

Apr 16 2012 13:43 I-Net Bridge

Company Data

LIFE HEALTHCARE GROUP HOLDINGS LTD [JSE:LHC]

Last traded 0
Change 0,09
% Change 0
Cumulative volume 1658377
Market cap 43.88bn

Last Updated: 20-10-2014 at 04:30. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.

 
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