for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

Brazil's Rede D'Or reaches 12% stake in insurer SulAmerica

FILE PHOTO: The logo of the Rede D'Or Sao Luiz SA hospitals chain is pictured at Rios D'or Hospital in Rio de Janeiro, Brazil December 2, 2015. REUTERS/Ricardo Moraes

SAO PAULO (Reuters) - Brazilian insurer SulAmerica Seguros SA said on Monday the hospital chain Rede D’Or and its controlling shareholders have reached a 12% stake in the company.

Rede D’Or is set to acquire SulAmerica Seguros in a 13 billion-real ($2.70 billion) deal combining Brazil’s largest hospital network with one of the country’s major independent insurance companies.

($1 = 4.8149 reais)

Reporting by Carolina Pulice and Peter Frontini; Editing by Chris Reese

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up