An Australian healthcare company announced Friday it will divest its majority ownership in its French subsidiary by distributing shares directly to investors.
Ramsay Health Care revealed plans to give shareholders its controlling 52.79% ownership stake in Ramsay Sante, which operates as a separate publicly-traded entity in France. The distribution will complete a full separation between the Australian parent company and its French healthcare division.
The announcement came as part of the company’s strategic restructuring efforts, though specific details about the timeline for the distribution were not immediately provided.
