Fortis – BT
Fortis to list Reit in S'pore in 6 mths: source
NEW DELHI – Indian hospital operator Fortis Healthcare is looking to list a real estate investment trust in Singapore in the next six months and is looking at a market value of US$600-$700 million, a company source said.
Fortis, which fell short in a bid for control of Singapore-based Parkway Holdings, has been working on a real estate investment trust (Reit) listing for a year, the executive said, adding that regulatory challenges remain.
'Now we are quite close. A listing will still take 5-6 months,' the official, who did not want to be named, said. — REUTERS
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