Future Of British Business

Mediclinic Spurns Takeover by Johann Rupert’s Remgro and MSC

Bidders offered about $4.3 billion for South African firm
Hospital groups struggled during height of Covid-19 pandemic

South African billionaire Johann Rupert — South African billionaire Johann Rupert
Photographer: Alberto Bernasconi/Bloomberg

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By Dinesh Nair and Loni Prinsloo

June 9, 2022 at 6:51 AM UTC

Updated on

June 9, 2022 at 11:39 AM UTC

This article is for subscribers only.

Mediclinic International Plc rejected a £3.4 billion ($4.3 billion) takeover bid from a consortium led by a major shareholder, the South African billionaire Johann Rupert, sparking a battle for control of the country’s largest hospital operator.

Rupert’s investment vehicle Remgro Ltd. and MSC Mediterranean Shipping Company SA offered 463 pence a share to take full control of the company, the partnership said in in a statement Thursday. Mediclinic rejected the proposal and the two parties are now considering their position, they said.