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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Spire Healthcare - Remgro acquires Cinven stake for 360p-a-share

August 2015

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • SPI
  • Price:
  • 340p
The shares bounced after Remgro, the major shareholder of South-African-based private hospital operator, Mediclinic, acquired a 29.9% stake from Cinven at 360p a share. Cinven, a perceived overhang on the shares, now has just 8.4%.Quoted on the Johannesburg Stock Exchange, Mediclinic operates 70 hospitals and specialist care facilities in Southern Africa, Switzerland and the UAE and generated sales of £1.8bn and profits of £293m in the year to March 2015. While it has no “current” intention to bid for Spire it is only restricted from making one for the next six months.Attracting such an illustrious partner is a tremendous coup for Spire and with the pro healthcare privatisation Conservatives winning th ...

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