Australia's Ramsay Health Care and Malaysia's Sime Darby have hired Bank of America and Deutsche Bank to sell their $1.3 billion healthcare joint venture, two sources with direct knowledge of the matter said.
IHH, one of Asia's largest private healthcare groups, had presented a 5.67 billion ringgit offer for Ramsay Sime Darby, but a binding agreement could not be reached.
Our Standards:Yantoultra Ngui is a Southeast Asia Deals Correspondent with Reuters in Singapore, covering M&A and capital market deals in a region that is fast emerging as a hot destination for startup investors, unicorns and IPOs. He previously was a reporter at Bloomberg and The Wall Street Journal. Notably, he was part of WSJ's team that covered the financial scandal at Malaysian state fund 1MDB. Yantoultra graduated with an MBA in Finance from Universiti Putra Malaysia in 2010.
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