Oct
27
Citic Private Equity Makes Takeover Bid For Biosensors
ByA private-equity arm of Citic Group Corp. offered to buy out Biosensors International Group Ltd., the Singapore-based medical devices company.
Biosensors is currently reviewing the offer and there is no certainty it will result in a deal, the company said in a Singapore stock exchange statement today, without specifying the size of the bid.
The offer was made by Citic Private Equity Funds Management Co., an arm of the Chinese state-backed conglomerate. It currently owns a 20 percent stake in Biosensors, which has a market capitalization of S$1.1 billion ($787 million). Biosensors makes coronary stents as well as other medical devices used during heart surgery and intensive care treatment…
Citic Private Equity Makes Takeover Bid For Biosensors
