Espirito Santo Fin Statement re the sale of all or part of Espírito Santo Financial Group S.A.'s stake in Espírito Santo Sa...
18 December 2013 - 4:12AM
UK Regulatory
TIDMEOS
ESPÍRITO SANTO FINANCIAL GROUP S.A. INFORMS THAT IT IS
CONTEMPLATING THE SALE OF ALL OR PART OF ITS STAKE IN ESPÍRITO
SANTO SAÚDE.
Luxembourg/Portugal - 17 December 2013 - Espírito Santo
Financial Group S.A. ("ESFG") (NYSE Euronext Lisbon: ESF;
Bloomberg: ESF PL; Reuters: ESF LS) today announces that it is
contemplating the sale of all or part of its stake in Espírito
Santo Saúde, SGPS,S.A.("ESS").
Espírito Santo Financial Group S.A. announces that it is
contemplating the sale of all or part of its 24.9% stake in
Espírito Santo Saúde, SGPS, S.A., most likely by participation in
an IPO of ESS. The terms and timing of any potential sale have yet
to be determined, and will be subject to market conditions and
necessary approvals.
ESS, which celebrated its 13th year of operations, owns and
operates a total of 8 private hospitals, 7 out-patient clinics and
2 senior care residencies as well as participating in a hospital
operated under a Public-Private Partnership Agreement (PPP). With a
total of 1,131 beds, ESS is considered a leading private healthcare
provider in Portugal.
CONTACTOS
Espírito Santo Financial Group King Worldwide
Filipe Worsdell Faisal Kanth
+44 (0) 203 4292 100 +44 (0) 207 614 2900
fworsdell@esfg.com fkanth@king-worldwide.com
The Espírito Santo Financial Group provides, through its
subsidiaries, a global and diversified range of financial services
to its clients including Commercial banking, Insurance, Investment
banking, Stock-brokerage and Asset management in Portugal and
internationally. For additional information on Espírito Santo
Financial Group, its subsidiaries, operations and results, please
visit the Company's website on www.esfg.com.
This information is provided by Business Wire
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