Article: IGB, Insas sell Gleneagles stakes


New Straits Times
07-02-2008
IGB, Insas sell Gleneagles stakes
Edition: Main/Lifestyle
Section: Business Times
Type: Company

IGB Corp Bhd and Insas Bhd are selling their combined 50 per cent stake in Gleneagles Hospital (Kuala Lumpur) Sdn Bhd to Pantai Irama Ventures Sdn Bhd for RM171.6 million.

Pantai Irama is jointly owned by Khazanah Nasional Bhd and Singapore healthcare firm Parkway Holdings Ltd. Pantai Irama also holds 100 per cent of Pantai Holdings Bhd, a hospital operator.
IGB is selling its 30 per cent stake in Gleneagles Kuala Lumpur while Insas is selling another 20 per cent.

The hospital, located on Jalan Ampang, has 330 beds and over 110 consultant specialists.

The sale is in ...

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