ESPÍRITO SANTO FINANCIAL GROUP S.A. INFORMS THAT IT IS CONTEMPLATING THE SALE OF ALL OR PART OF ITS STAKE IN ESPÍRITO SANTO SAÚDE.
Luxembourg/Portugal – 17 December 2013 - Espírito Santo Financial Group S.A. (“ESFG”) (NYSE Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuters: ESF LS) today announces that it is contemplating the sale of all or part of its stake in Espírito Santo Saúde, SGPS,S.A.(“ESS”).
Espírito Santo Financial Group S.A. announces that it is contemplating the sale of all or part of its 24.9% stake in Espírito Santo Saúde, SGPS, S.A., most likely by participation in an IPO of ESS. The terms and timing of any potential sale have yet to be determined, and will be subject to market conditions and necessary approvals.
ESS, which celebrated its 13th year of operations, owns and operates a total of 8 private hospitals, 7 out-patient clinics and 2 senior care residencies as well as participating in a hospital operated under a Public-Private Partnership Agreement (PPP). With a total of 1,131 beds, ESS is considered a leading private healthcare provider in Portugal.
|Espírito Santo Financial Group||King Worldwide|
|Filipe Worsdell||Faisal Kanth|
|+44 (0) 203 4292 100||+44 (0) 207 614 2900|
The Espírito Santo Financial Group provides, through its subsidiaries, a global and diversified range of financial services to its clients including Commercial banking, Insurance, Investment banking, Stock-brokerage and Asset management in Portugal and internationally. For additional information on Espírito Santo Financial Group, its subsidiaries, operations and results, please visit the Company’s website on www.esfg.com.