Brazil hospital chain Mater Dei to buy 70% stake in Porto Dias for R$800 million+

RIO DE JANEIRO, BRAZIL – Brazilian hospital chain Mater Dei said on Tuesday its board has given the go-ahead to buy a controlling stake in the Porto Dias hospital group in a deal involving R$800 (US$154) million and the issuance of shares.

Mater Dei will take a 70% stake in Porto Dias. It will issue 27.27 million shares, around 7.1% of the company’s total share capital, and will have the option to buy the remaining 30%, it said in a securities filing.

Mater Dei shares closed on Tuesday at R$16.60.

The Porto Dias group operates in the northern region of Brazil.

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