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