South African Billionaire Johann Rupert's Remgro To Take Full Mediclinic Control

27 Min(s) Ago    👁 48
south african billionaire johann ruperts remgro to take full mediclinic control

Remgro Limited, the South African investment holding company chaired and controlled by billionaire Johann Rupert, is preparing to take full control of Mediclinics operations at home as part of a proposed restructuring with its partner, MSC Mediterranean Shipping Company. The move would split ownership of the private hospital group along geographic lines.

Reshaping a major health-care asset

Remgro and MSC bought Mediclinic in 2023 in a deal valued at about R75 billion 4.4 billion. The companies currently share ownership through Investment Holding Limited S. r.l. IHL, an MSC subsidiary. They are now working on a plan to separate their interests in a way that reflects their respective markets.

Disclaimer: We are a news aggregator. See full disclaimer here.