Brazil’s Rede D’Or reaches 12per cent stake in insurer SulAmerica & More News Here

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

Rede D’Or is about to accumulate SulAmerica Seguros in a 13 billion-real (US$2.70 billion) deal combining Brazil’s largest hospital community with one of many nation’s main impartial insurance coverage corporations.

(US$1 = 4.8149 reais)

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

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