S.Africa's Remgro buys a third of Britain's Spire for $686 mln
JOHANNESBURG, June 22 (Reuters) - South African investment house Remgro Ltd has offered 431.7 million pounds ($686 million) for about a third of Britain's Spire Healthcare (LSE: SPI.L - news) , it said on Monday.
Remgro will subsequently sell the stake in Spire (Stuttgart: SIZ.SG - news) to Mediclinic International, South Africa's biggest private hospital group of which it owns about 40 percent. ($1 = 0.6292 pounds) (Reporting by Tiisetso Motsoeneng; Editing by Ed Cropley)