Malaysia's EPF Weighs £1.4 Billion Sale of UK Private Hospitals
The fund has appointed broker Knight Frank to offer the 12 properties for sale, people with knowledge of the process said. The hospitals, which an EPF led consortium bought for about £700 million in 2013, are operated by Spire Healthcare Group Plc, the people said, asking not to be identified as the process is private.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
Wall Street Circles Starbucks as China Deal Heats Up--Tech Giants and PE Titans in Bidding War
Starbucks (NASDAQ:SBUX) is quietly making moves in Chinaand Wall Street's watching. The coffee giant has invited a dozen heavyweight investors, including Carlyle, KKR (NYSE:KKR), EQT, and tech majors (NASDAQ:JD) and Tencent (TCEHY), into the next phase of bidding for a stake in its China operations. According to people familiar with the matter, these shortlisted parties are now reviewing financials and preparing formal proposals. Starbucks CEO Brian Niccol emphasized this isn't about raising capital. What this is about, he told analysts, is how do we ensure that the Starbucks brand is in a much better place in the future. Starbucks plans to retain a meaningful stake and is not looking to fully exit. The stakes are high. China is Starbucks' second-biggest marketbut it's also one of the most competitive. Local rival Luckin Coffee has surged ahead with cheaper drinks, faster innovation, and aggressive expansion. To stay relevant, Starbucks has started adapting its menu with more affordable fruit teas and sugar-free options. And early signs suggest it's working: same-store sales in China turned positive last quarter for the first time since late 2023. A local partner with tech and consumer insight could help Starbucks move faster, optimize supply chains, and deepen its mobile platform strategy in a market that increasingly rewards speed and price. This process has drawn interest from over 20 potential backers, though only a dozen have made it to this second round. Starbucks isn't seeking a full salebut it is exploring how to tap deeper into China's fast-evolving consumer landscape. While no deal is guaranteed, more players could enter later stages as discussions evolve. With long-term ambitions to grow its China store count from roughly 7,800 to 20,000, the right strategic partner could be a pivotal lever for Starbucks' next act in Asia. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data
Bloomberg
13 minutes ago
- Bloomberg
Friday's Jobs Report Looks Grim
Even the data's silver lining—health-care hiring—may be cause for concern. Plus: Climate AI and the boon of bicycling. By Save The US employment data released today is worrying. Bloomberg News' US economy reporter and editor Matthew Boesler writes that even the silver lining in the data may be cause for concern. Plus: AI comes to climate science, and seaside cycling is our path to peace. If this email was forwarded to you, click here to sign up.
Yahoo
20 minutes ago
- Yahoo
Japan Post Insurance to invest $2bn in Global Atlantic-sponsored vehicle
Japan Post Insurance has agreed to invest $2bn (Y299.35bn) in an investment vehicle created by Global Atlantic. This investment constitutes more than half of the funding for the vehicle, which is set to engage in a variety of Global Atlantic's activities including insurance and reinsurance operations. The launch of the vehicle is scheduled for the first half of 2026 (H1 2026), contingent on receiving the regulatory approvals. This development is an extension of the existing partnership between Japan Post Insurance, KKR and Global Atlantic, which was initially established in June 2023. Japan Post Insurance president and CEO Kunio Tanigaki said: 'This investment is a part of our phased approach to our strategic alliance agreement with KKR and Global Atlantic, which we signed in June 2023 with the aim of expanding into new areas of collaboration. 'We believe that this investment will enable Japan Post Insurance to diversify our revenue sources by capturing revenues from the robust US annuity market and reinsurance markets globally and continue to build on our win-win relationship with KKR and Global Atlantic." The partnership aims to reinforce Japan Post Insurance's international presence and help diversify its income sources. Global Atlantic co-heads Billy Butcher and Manu Sareen stated: "We are delighted to expand our strategic partnership with Japan Post Insurance and pursue new opportunities for growth and collaboration. 'The investment will accelerate our ability to pursue growth opportunities we see in the US, Japan and other international markets, and support the needs of our clients, policyholders and partners." Global Atlantic, which offers annuities, preneed life insurance and reinsurance solutions, was fully acquired by private equity company KKR last year. "Japan Post Insurance to invest $2bn in Global Atlantic-sponsored vehicle " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
