MedLife Increases Stake in Genesys Arad group by Additional 7%

As a result of this increase, MedLife holds a 68% stake in the company.

MedLife published an announcement on the Bucharest Stock Exchange stating that they have taken overan additional 7% stake in Genesys Arad group of companies, one of the largest private medical service providers in western Romania. The additional stake was acquired for an undisclosed amount.

As a result of this increase, MedLife holds a 68% stake in the company. Genesys Arad has been part of MedLife group since 2011, when the representatives announced the acquisition of the majority package, and the value of the transaction amounted to approximately EUR 3m.

InterCapital
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