Brazil's Hapvida raises offer to buy HB to $124.5 mln - filing

by Reuters
Thursday, 16 September 2021 11:10 GMT

SAO PAULO, Sept 16 (Reuters) - Brazilian health plan operator Hapvida has increased its binding offer to acquire Grupo HB Saúde to 650 million reais ($124.5 million), according to a securities filing on Thursday.

The new binding proposal, sent to HB Saúde on Wednesday, will be submitted to the shareholders' approval at a meeting to be held on Sept 23, the filing said. ($1 = 5.2219 reais) (Reporting by Ana Mano; Editing by Toby Chopra)

Our Standards: The Thomson Reuters Trust Principles.