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Brazil's Rede D'Or reaches 12per cent stake in insurer SulAmerica

FILE PHOTO: The logo of the Rede D'Or Sao Luiz SA hospitals chain is pictured at Rios D'or Hospital in Rio de Janeiro, Brazil December 2, 2015.  REUTERS/Ricardo Moraes

FILE PHOTO: The logo of the Rede D'Or Sao Luiz SA hospitals chain is pictured at Rios D'or Hospital in Rio de Janeiro, Brazil December 2, 2015. REUTERS/Ricardo Moraes

SAO PAULO : Brazilian insurer SulAmerica Seguros SA said on Monday the hospital chain Rede D'Or and its controlling shareholders have reached a 12per cent stake in the company.

Rede D'Or is set to acquire SulAmerica Seguros in a 13 billion-real (US$2.70 billion) deal combining Brazil's largest hospital network with one of the country's major independent insurance companies.

(US$1 = 4.8149 reais)

(Reporting by Carolina Pulice and Peter Frontini; Editing by Chris Reese)

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