ES Saude: Jose de Mello Saude in talks with Santander-led consortium on EUR 300m finance for rival bid
Jose de Mello Saude is negotiating with banks led by Santander to finance a potential counter-offer on ES Saude, reported Diario Economico. Sources close to the process told the Lusophone paper that Jose de Mello Saude is seeking around EUR 300m to acquire 51% of ES Saude corresponding to a 2% premium on the EUR 4.30 per share takeover bid launched by Grupo Angeles of Mexico.
Portuguese bank Montepio and Banco Popular of Spain are also in the banking consortium led by Santander that could finance the rival bid for ES Saude, the same sources said. Meanwhile, ES Saude has given further details of its board's recommendation to accept the Grupo Angeles offer. Statement, in English, can be read here.
Source Diario Economico, Company Press Releas