Brazil tycoon Tanure to take control of Alliar -source

- Advertisement -


SAO PAULO (Businesshala) – Brazilian investor Nelson Tanure has reached a preliminary agreement to acquire controlling shareholders in medical diagnostics company Aliar, a source familiar with the matter said on Thursday.

- Advertisement -

Tanure offered to pay 20.50 reais ($3.69) per share, the source added, 65% higher than the previous day’s closing price.

- Advertisement -

The person said that Allier’s controlling shareholders and Tanure expect to close the deal in the coming days.

O Globo columnist Lauro Jardim first reported the deal on Thursday, prompting a rally in Aliar’s shares.

- Advertisement -

As the company is formally known, Tanure had previously offered 19 reais per share to take control of Centro de Imagem Diagnostics S.A., but the offer was rejected by controlling shareholders in late October.

Aliar’s shares climbed on the report, leading to a brief halt in early-morning stock trading in Sao Paulo. Following a share auction process, the stock resumed trading at 14.29 reais, up nearly 15%.

Eliyar and Tanure did not immediately respond to Businesshala requests for comment.

When Red d’Or was negotiating with the company’s shareholders in August, Tanure disclosed an initial investment of 26% in Aliyar. Later, medical lab company Fleury also joined Allier’s race.

The source did not disclose Tanur’s stake in the company after the conclusion of the deal.

($1 = 5.5528 reais)

Reporting by Carolina Mandal and Gabriel Araujo; Editing by Amelia Sithol-Mataris and Steve Orlofsky

,

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox