Equities

Reuters reveals two groups, one backed by China's Fosun, bid for NMC Health stake; market reacts

Reuters reveals two groups, one backed by China's Fosun, bid for NMC Health stake; market reacts

Reuters exclusively reported that two groups, one backed by China’s Fosun, have made competing offers to buy a 40% stake in London-listed NMC Health worth up to $1.9 billion. NMC Health shares surged more than 18.5% following the report. The company also posted half-year results and announced plans to buy back up to $200 million worth of shares.