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NETCARE - Acquisition of Medicross and an additional interest in Ampath

Release Date: 17/08/2001 09:06
Code(s): NTC
Wrap Text
Network Healthcare Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/008242/06)
("Netcare")
Announcement

Shareholders are referred to the announcement dated 5 June 2001relating to the acquisition of Medicross Healthcare Group (Pty) Limited ("Medicross") and the additional investment in the Ampath Trust ("the transaction"). As disclosed in the announcement, the transaction was subject, inter alia, to approval of the Competition Tribunal by 30 October 2001.
Shareholders are hereby advised that the Competition Commission approved the transaction on 16 August 2001, and accordingly, Netcare may now proceed with the implementation of the transaction. Sandton 17 August 2001 Sponsor to Netcare Merrill Lynch logo

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