KKR rules out offer for NMC, Italian-backed group confirms interest

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KKR rules out offer for NMC, Italian-backed group confirms interest
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Private equity firm KKR on Tuesday said it does not intend to make an offer for ...

FILE PHOTO: An NMC Specialty Hospital, part of the NMC Healthcare group which listed in the London Stock Exchange, is seen in the Al Nahda area of Dubai April 29, 2012. REUTERS/Jumana El Heloueh/File Photo

By 1030 GMT, they were down 16% on the London Stock Exchange and set to lose half the gains made when NMC disclosed the approaches on Monday. NMC could not be immediately reached for comment on KKR’s statement. NMC, which listed in London in 2012 and was promoted to the blue chip FTSE 100 index in 2017, operates clinics and hospitals, specialized maternity and fertility clinics, and long-term care homes hospitals across 19 countries.

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