GEM Healthcare - IHH Healthcare Berhad: Fortis deal

GEM Healthcare - IHH Healthcare Berhad: Fortis deal

Fortis Healthcare Ltd India shareholders have approved IHH's takeover of Fortis. The deal is now awaiting regulatory approvals. The Fortis investment is a big challenge for IHH and it may take several years before this investment becomes earnings accretive. IHH is also postponing expansion plans in Turkey.

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