BRIEF-Medicover Increases Its Investments In Indian Hospital Chain

  • Reuters
  • Stock Market News
BRIEF-Medicover Increases Its Investments In Indian Hospital Chain
Credit: © Reuters.

Jan 4 (Reuters) - Medicover Ab MCOVb.ST :

* MEDICOVER ACCELERATES INVESTMENTS IN INDIA

* SEES INCREASED ITS INVESTMENTS IN INDIAN HOSPITAL CHAIN MAXCURE AHEAD OF PREVIOUS DISCUSSED TIMETABLES

* INITIAL OWNERSHIP OF 22% HAS BEEN INCREASED TO 26.8% THROUGH AN INJECTION OF NEW CAPITAL OF EUR 2.6 MILLION

* OWNERSHIP IS EXPECTED TO BE INCREASED SHORTLY TO 37.2% VIA A SECONDARY SHARE PURCHASE OF EUR 3.4 MILLION

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